Abstract
The 1970s have seen many developments in macroeconomics, that have in many ways transformed the way in which open economies are analysed. Among these is an increasing emphasis on the role of relative prices like real wages (relative price of labour), competitiveness (relative price of imports), the relative price of oil, real interest rates and others.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have