中级宏观经济学讲义9.pptVIP

Intermediate Macroeconomics 9 The Open Economy Why do countries trade with each other? “No nation was ever ruined by trade.” --- Benjamin Franklin More varieties; higher quality; cheaper price The Open Economy Merchandise trade as a % of GDP (2005) The Open Economy The Open Economy The international flows of capital goods Factors affecting CA (savings and investment) Exchange rates Factors affecting ex-rate International Flows of K Goods Capital account current account International Flows of K Goods International Flows of K Goods S – I = NX