(国际金融学英文课件）IF7Open –Economy Macroeconomics.ppt

Chapter 7 Outline 1.Introduction 1)Internal and external macroeconomic equilibrium 2)Policy instruments 2. Internal and external equilibrium with policies 3.The IS, LM, BP curve 4.Fiscal and monetary policy under fixed exchange rates 5. IS-LM-BP model under flexible 6.The policy mix and price changes 7.Direct controls 1.Introduction 1) Internal and external macroeconomic equilibrium Internal balance: a steady growth of the domestic economy consistent with a low unemployment rate. External balance: the achievement of a desired trade balance or desired international capital flows. Pursuit of