On the Geometric Relationship between the Price-Specie-Flow Mechanism and Offer Curves

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概要

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• This paper shows the geometric relationship between the price-specie-flow mechanism and offer curves which is not known correctly to the economics literature even today. In the neo-classical international monetary model with two countries trading two consumption commodities, the price-specie-flow mechanism proceeds along the trade-contract curve, not along offer curves. But the shapes of offer curves are critical for the stability of the price-specie-flow mechanism, because of the correspondence principle whose geometric expression is shown correctly for the first time by this paper.

• 小樽商科大学の論文

著者

• 松井 均

  小樽商科大学

関連論文

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• On the Geometric Relationship between the Price-Specie-Flow Mechanism and Offer Curves
• 続・ホモセティックな支出構造下における国際貿易
• 基軸通貨制に関する一考察 : 国内金融メカニズムからのアナロジー
• ホモセティックな支出構造下における国際貿易

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