Tobinian Stock-Flow Interactions in the Mundell-Fleming Model

Toichiro Asada, Peter Flaschel, Tarik Mouakil and Christian Proaño
Additional contact information
Toichiro Asada: Chuo University
Tarik Mouakil: University of Cambridge

Chapter 5 in Asset Markets, Portfolio Choice and Macroeconomic Activity, 2011, pp 93-127 from Palgrave Macmillan

Abstract: Abstract In this chapter we approach the issue of stock-flow interaction in open economies through a slightly modified version of the Mundell-Fleming-Tobin (MFT) model of Rødseth (2000). This model considers IS-LM goods market equilibria in place of the sluggish Metzlerian goods market adjustment processes of the KMG model. The Goodwin component will also be missing here since aggregate demand is not made dependent on income distribution (i.e., the Rose real wage channel is also neglected).

Keywords: Exchange Rate; Central Bank; Real Exchange Rate; Exchange Rate Regime; Nominal Exchange Rate (search for similar items in EconPapers)
Date: 2011
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:palchp:978-0-230-30777-3_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230307773

DOI: 10.1057/9780230307773_5

Access Statistics for this chapter

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