Series: IMF Working Papers
Author(s): J. Polak
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: Monetary approach to the balance of payments, monetarism, monetary approach, money supply, monetary fund, demand for money, History of Thought: Macroeconomics, History of Thought: Individuals, Model Construction and Estimation, Macroeconomic Aspects of International Trade and Finance: General
This paper emphasizes the distinction between two ‘monetary approaches to the balance of payments’, one developed in the IMF, the other under the leadership of Harry Johnson in Chicago. The IMF approa...