Polak Model (Ofer Abarbanel online library)

Polak Model is a monetary approach to the balance of payment published by J. J. Polak in 1957. It seeks to model a small, open economy operating under fixed nominal exchange rate. Polak suggest explicit links between the monetary and external sectors. Polak results continue to form the theoretical bases on which the IMF Financial Programming are carried out.[1]

References

  1. ^Tarp, F. (1994) Chapter 3 ‘Financial Programming and Stabilization’, from Stabilization and Structural Adjustment: Macroeconomic Frameworks for Analyzing the Crisis in sub-Saharan Africa. p. 60-61
  2. ^Tarp, F. (1994) Chapter 3 ‘Financial Programming and Stabilization’, from Stabilization and Structural Adjustment: Macroeconomic Frameworks for Analyzing the Crisis in sub-Saharan Africa. p. 73

 

Ofer Abarbanel online library