Policy Distortions, Reserve Accumulation, and the Welfare Loss
In: Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Band 13, Heft 3, S. 319
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In: Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Band 13, Heft 3, S. 319
In: The developing economies: the journal of the Institute of Developing Economies, Tokyo, Japan, Band 8, Heft 4, S. 219-228
ISSN: 1746-1049
In: Kyklos: international review for social sciences, Band 21, Heft 4, S. 761-764
ISSN: 1467-6435
In: The Indian Economic Journal, Band 16, Heft 4, S. 492-495
ISSN: 2631-617X
In: The review of black political economy: analyzing policy prescriptions designed to reduce inequalities, Band 4, Heft 2, S. 49-55
ISSN: 1936-4814
In: The American economist: journal of the International Honor Society in Economics, Omicron Delta Epsilon, Band 46, Heft 1, S. 42-49
ISSN: 2328-1235
With the globalization of the world economy, improved international capital mobility, and the popularity of fixed (pegged) exchange rates among small developing and transition economies, the Mundell-Fleming model has reasserted its importance as an analytical tool. This paper surveys the Mundell-Fleming model in major macroeconomics and international economics textbooks. In the graphical presentations, all textbooks use the traditional IS-LM curves in the (y, i) plane except Mankiw who presents a model in the (y, e) plane with a unique addition of the effect of import restriction policies. It is generally known that fiscal expansions will worsen the trade balance. A synthesized model is presented in which a necessary condition for such effect is derived.
In: The Indian Economic Journal, Band 35, Heft 1, S. 136-139
ISSN: 2631-617X