The Krugman-Macedo diagram revisited

We revisit the diagram developed by Krugman and Macedo (The economic consequences of the April 25th revolution, Krugman and Braga de Macedo, Economia III:435-483, 1979) to study the adjustment path of output and real wage gaps in a small open economy. Using time series data, we estimate sequences of...

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Veröffentlicht in:	Economic globalization and governance
1. Verfasser:	Freitas, Miguel L. de (VerfasserIn)
Weitere Verfasser:	Faria-e-Castro, Miguel (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2021
Schlagworte:	Economic regimes > External and internal balance > Macroeconomic adjustment > Portugal > Small open economy > Aufsatz im Buch
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