Model
Digital Document
Publisher
Florida Atlantic University
Description
Using the Modigliani approach, the effects of a fixed
rule growth rate and a semi-rule growth rate are compared
to the growth rate under the discretionary policy of the
West German monetary authorities. This type of analysis
has previously been completed for the United States
economy which is considered a relatively closed economy.
In contrast, the West German economy is open, that is,
it is very dependent upon trade for survival. Therefore,
the impact of this difference is the major point to be
examined.
rule growth rate and a semi-rule growth rate are compared
to the growth rate under the discretionary policy of the
West German monetary authorities. This type of analysis
has previously been completed for the United States
economy which is considered a relatively closed economy.
In contrast, the West German economy is open, that is,
it is very dependent upon trade for survival. Therefore,
the impact of this difference is the major point to be
examined.
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