国际金融第十一章.pptVIP

Daniels and VanHoose Economic Policy Chapter 11. Economic Policy With Fixed Exchange Rates Fundamental Issues Economic goals of national policymakers. Degree of capital mobility influence the slope of the BP line. Monetary policy influence the real income of a small nation with imperfect capital mobility and fixed exchange rate. Fiscal policy influence the real income of the above small nation. Perfect capital mobility alter the relative effectiveness of monetary and fiscal policy. The policy actions in one nation influence economic activities in the other nation. The Objectives of Poli