Macroeconomia com racionamento: um modelo simplificado para economia aberta

Abstract

This article seeks to analyse the behavior of some macroeconomic variables that are relevant for economic policy (product, employment, balance of payments, interest rate), in a environment of exogenously determined prices. The comparative statics of the model is developed under the regimes of excess supply and excess demand; in the latter, case, four different possibilities are considered. The article emphasizes the different conclusions obtained for the excess demand regime, vis-à-vis the conventional macroeconomic analyses.