中级宏观经济学15要点分析.ppt

Intermediate Macroeconomics 15 AD in the Open Economy in the SR The Mundell-Fleming Model Model under a floating ex-rate regime Model under a fixed ex-rate regime Difference in interest rates Debate over floating v.s. fixed ex-rate Mundell-Fleming model with changing price level The Mundell-Fleming Model AD in an open economy in the SR --- IS-LM model (relationship between r and Y in both product and money markets at a fixed P level) in an open economy The Mundell-Fleming Model SOE with no capital control r = r* IS-LM model in SOE E = Y = C (Y-T) + I (r*) + G + NX (e) M/P=L