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Figure 24.1 David Hume 1711 – 1776

Figure 24.1 David Hume 1711 – 1776. Figure 24.2 Degrees of price flexibility. Figure 24.3 Price and exchange rate flexibility. Figure 24.4 Equilibrium hoarding and dishoarding. Figure 24.5 Price specie flow adjustment process. Figure 24.6 Effect of a devaluation of the Home currency.

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Figure 24.1 David Hume 1711 – 1776

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  1. Figure 24.1 David Hume 1711 – 1776

  2. Figure 24.2 Degrees of price flexibility

  3. Figure 24.3 Price and exchange rate flexibility

  4. Figure 24.4 Equilibrium hoarding and dishoarding

  5. Figure 24.5 Price specie flow adjustment process

  6. Figure 24.6 Effect of a devaluation of the Home currency

  7. Figure 24.7 Interdependencies between expectations and realizations

  8. Figure 24.8 Money and exchange rates (corrected for output)

  9. Figure 24.9 Output and exchange rates (corrected for money)

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