Does the Mundell-Fleming Model apply to Poland?

Yu Hsing
Additional contact information
Yu Hsing: Southeastern Louisiana University, Hammond, Louisiana, USA

Theoretical and Applied Economics, 2019, vol. XXVI, issue 4(621), Winter, 265-272

Abstract: Applying an extended IS-LM model to Poland, this paper finds that fiscal expansion does not raise output but causes real appreciation and that monetary expansion increases output and leads to real depreciation. Besides, a lower real interest rate, a higher real stock price or a lower expected inflation rate helps raise output; and a higher real interest rate, a higher real stock price or a lower expected inflation rate results in real appreciation. Hence, the predictions of the Mundell- Fleming model are applicable to Poland.

Keywords: fiscal expansion; monetary expansion; exchange rates; Mundell-Fleming model. (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/1433.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1433&rid=137 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxvi:y:2019:i:4(621):p:265-272

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().