Adjustments and Balance-of-Payments Disequilibrium Chapter 24 National Income and the Current Account

comparative advantage : the Ricardian model -- Specific factors and income distribution -- Resources and trade

arrangements 12. International trade and economic growth 13. National income accounting and the balance of

-border banking, population ageing, and income and wealth inequality.

-of-payments adjustment -- The price and income approaches to Balance-of-payments adjustment -- International long

-of-Payments Policy 3 Income Distribution, Wage Rigidity, and Balance-of-Payments Policy 4 Fiscal Policy

, structural change, and employment -- Economics of the personal distribution of income -- Game theory and

exchange rate in the adjustment process in a partial equilibrium framework -- The role of income changes in

-Curve, the Fire Sale, and the Hard Landing. 3. Differences in Income Elasticities and Trends in Real Exchange