Open Economy Mundell-Fleming

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Presentation transcript:

Open Economy Mundell-Fleming Chapter 12 - Witte Open Economy Mundell-Fleming Small Open Economy Perfect Capital Mobility r =r*, Prices Fixed IS* LM*

Small Open Economy Graphically Chapter 12 - Witte Small Open Economy Graphically

Fiscal/Monetary Policy Implications Chapter 12 - Witte Fiscal/Monetary Policy Implications

Small Open Economies with Fixed Exchange Rates Chapter 12 - Witte Small Open Economies with Fixed Exchange Rates

Imperfect Capital Mobility Chapter 12 - Witte Imperfect Capital Mobility IS* LM*

Financial Crisis Example 1 Chapter 12 - Witte Financial Crisis Example 1

Financial Crisis Example 2 Chapter 12 - Witte Financial Crisis Example 2

“Impossible” or “Incompatible” or “Unholy” Trinity Chapter 12 - Witte Fixed or Floating “Impossible” or “Incompatible” or “Unholy” Trinity

Mundell-Fleming in Long-Run Chapter 12 - Witte Mundell-Fleming in Long-Run Price not Fixed, Perfect Capital Mobility r=r* Graphically

Mundell-Fleming in Long-Run Example Chapter 12 - Witte Mundell-Fleming in Long-Run Example

Chapter 12 Appendix - Witte Large Open Economy – Wallet Model IS LM NCO(r) = NX(RER)

Chapter 12 Appendix - Witte Large Open Economy – Wallet Model, Graphically

Chapter 12 Appendix - Witte Large Open Economy - Wallet Model, Example 1

Chapter 12 Appendix - Witte Large Open Economy - Wallet Model, Example 2

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