van Wijnbergen, S.J.G. and Svensson, L. (1989). Excess capicity, monopolistic competition, and international transmission of monetary disturbances Economic Journal, 99(397 (Sep)):785----.
Analyzes the excess capacity, monopolistic competition and international transmission of monetary policy disturbances in the United States. Sheds light on the international Impact of monetary policy; Emphasis on the spillover effects of monetary disturbances; Similarity of framework used with open economy macroeconomics.