Open Economy Macroeconomics: The Mundell-Fleming Model
Автор: Klaus Prettner
Загружено: 2024-05-27
Просмотров: 15983
In this lecture, I present the central workhorse model of open economy macroeconomics: the Mundell-Fleming model. I first explain the three equations of which it consists (IS curve, LM curve, and IP curve) and then depict the model graphically. Finally, I use the model to analyze the effects of contractionary monetary policy, expansionary fiscal policy, and of a policy mix of contractionary modetary policy combined with expansionary fiscal policy.
For the full Intermediate Macroeconomics Cource, please see the following lectures:
• Macroeconomics: The Goods Market
• Macroeconomics: The Multiplier Effect
• Macroeconomics: The IS Curve
• Macroeconomics: Movements Along the Curve ...
• Macroeconomics: The Money Market
• Macroeconomics: The LM Curve
• Macroeconomics: The IS-LM Model
• Macroeconomics: The Labor Market
• Macroeconomics: The Phillips Curve
• Macroeconomics: The IS-LM-PC Model
• Open Economy Macroeconomics: Exchange Rates
• Open Economy Macroeconomics: Purchasing Po...
• Open Economy Macroeconomics: Interest Rate...
• Open Economy Macroeconomics: The Goods Market
• Open Economy Macroeconomics: Fiscal Policy...
• Open Economy Macroeconomics: Increases in ...
• Open Economy Macroeconomics: Effects of a ...
• Open Economy Macroeconomics: Reducing the ...
• Open Economy: The Marshall-Lerner Condition
• Open Economy Macroeconomics: The Mundell-F...
• The Solow Model
• The Solow Model With Technological Progress
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