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Open Economy: Trade Balance & Exchange Rate by Jacobo Mancera is a document available to read on EtoBox.
What is Open Economy: Trade Balance & Exchange Rate about?
This chapter covers the accounting identities and models relevant to an open economy, focusing on how trade balance and exchange rates are determined. It discusses the relationship between saving, investment, and net exports, as well as the impact of fiscal policies on these variables. Additionally, it explores the concepts of nominal and real exchange rates and their effects on net exports.
- Author
- Jacobo Mancera
- Language
- EN