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Monetary Models in International Economics by Martin Zapata is a document available to read on EtoBox.

What is Monetary Models in International Economics about?

1. The document summarizes a monetary model with one country and then two countries. It shows that differences in money growth rates between the countries will lead to changes in inflation and exchange rate movements. 2. It then discusses what happens if there is a surprise change in the money growth rate, showing the price level and exchange rate must jump. 3. Finally, it introduces an overshooting model where the price level adjusts gradually to a change in money supply, leading to potential overshoot

Author

Martin Zapata

Language

EN