GZ – webspace

The web site for the Eviews versions of all models in Wynne Godley and Marc Lavoie Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth is now complete, at the address http://gennaro.zezza.it/software/eviews/gl2006.php
If you use the address given in the footnote on page 19 in the book (www.gennaro.zezza.it/software/models) you get to the right place anyway.

If you find the website usefule, please leave a comment to this post, which is intended as a guestbook! If you want to comment on individual models, please use the Comments button provided on the web site.
If my spam killer stops your message from being published, I will recover it! first or later.

Chapter 12 of Wynne Godley and Marc Lavoie, Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth extends the open economy model of Chapter 6, allowing for trade in financial assets, accumulation of foreign reserves, and different exchange rate regimes.

There are three different closures for a fixed exchange rate regime:

• OPENFIX, where central bank reserves are endogenous
• OPENFIXR, where the interest rate of one of the two countries is endogenously determined
• OPENFIXG, where one of the countries adjust its government expenditure to offset shocks to its trade balance

And finally, the OPENFLEX model analyzes the two economies under a flexible exchange rate regime.

The Eviews versions for these models can be found here, and reproduce all charts in the book.

Please comment on this post if you want to send feedbacks on this chapter!