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International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 1 Figure 25.1 Robert Mundell (1932 – )

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Presentation on theme: "International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 1 Figure 25.1 Robert Mundell (1932 – )"— Presentation transcript:

1 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 1 Figure 25.1 Robert Mundell (1932 – )

2 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 2 Figure 25.2 Overview of Chapter 25, short-run analysis

3 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 3 Figure 25.3 Money expansion (dashed line accomodates) small country, fixed exchange rates, perfect capital mobility, short-run

4 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 4 Figure 25.4 Fiscal expansion (dashed line accomodates) small country, fixed exchange rates, perfect capital mobility, short-run

5 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 5 Figure 25.5 Money expansion in Home; large country, fixed exchange rates

6 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 6 Figure 25.6 Monetary expansion small country, fixed exchange rates, imperfect substitutability, short-run

7 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 7 Figure 25.7 Estimated offset coefficients, various countries Shaded bars do not differ statistically significantly from (-) one.

8 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 8 Figure 25.8 Money expansion (dashed line accomodates) small country, flexible exchange rates, perfect capital mobility, short-run

9 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 9 Figure 25.9 Fiscal expansion (dashed line accomodates) small country, flexible exchange rates, perfect capital mobility, short-run

10 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 10 Figure 25.10 Fiscal expansion in Home; large country, flexible exchange rates

11 International Economics: Theory, Application, and Policy, Ch. 25;  Charles van Marrewijk, 2006 11 Figure 25.11 Economic developments in Japan, 1980-2003


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