Open-Economy Macroeconomics: Theory without Evidence

Peter Spencer

Chapter 4 in Economics in a Changing World, 1994, pp 79-97 from Palgrave Macmillan

Abstract: Abstract This chapter begins by taking a quick look at the simple monetary model, which arguably gives a reasonable description of a small open economy and puts most of the basic ideas into focus. Then, I shall show how the basic Mundell—Fleming (MF) model of the open economy has been developed over the last few years and give my assessment of the current state of play.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Fiscal Policy; Real Exchange Rate (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:intecp:978-1-349-23458-5_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349234585

DOI: 10.1007/978-1-349-23458-5_4

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().