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Open Economy in Modern Macroeconomics by tegegn mogessie is a document available to read on EtoBox.
What is Open Economy in Modern Macroeconomics about?
This chapter of the textbook discusses macroeconomic models of the open economy. It introduces the Mundell-Fleming model by expanding the IS-LM model to include international factors. It also presents two-country IS-LM-AS models and open economy perfect foresight models. The chapter covers national income accounting in an open economy, the relationship between the current account and private/public saving and investment, and how central bank intervention affects monetary aggregates. It analyzes the implicat
- Author
- tegegn mogessie
- Language
- EN