ShortRun(国际金融(香港大学,WONGKaFu).pptxVIP

Output and Exchange Rate in the Short Run;Aggregate demand for domestic goods;Consumption of domestic goods;Consumption by home citizens;Current account;?CA/?qH/F 0 (CA measured in domestic output);?CA/?Yd 0;Aggregate Demand for domestic goods;1 ?D/?Y 0;1 ?D/?Y 0;Determination of output in the short run;Effect of an increase in E on short-run output equilibrium;Output, Y;Output, Y;Output, Y;The following changes have similar effect on DD schedule;Rate of return (in home currency);Rate of return (in home currency);;;Rate of return (in home currency);Factors that shift the AA schedule;