(国际金融学英文课件）IF6Adjustments in the Balance of Payments.ppt

Adjustments in the Balance of Payments: the Income Adjustment Mechanism 6 Chapter Objective: This chapter will give you some discussion about the automatic income adjustment in the balance of payments. Chapter outline 1.Introduction 2.Income determination in a closed economy (1)Determination of the equilibrium national income in a closed (2)Multiplier in a closed economy 3. Income determination in a small open economy (1)Import function (2) Determination of the equilibrium national income in an open (3)Foreign trade multiplier 4.Foreign Repercussions 5.Absorption approach 6.Monetary adjustment