A Macroeconomic Theory of the Open Economy

這章把 Chapter 32 的 open-economy identities 放進兩個長期市場模型:real interest rate 在 open economy loanable funds market 決定資金如何分配,real exchange rate 在 foreign-currency exchange market 決定 NX 如何和 NCO 對齊。

The Model

Open Economy Loanable Funds Market

D-MacroEcon-Ch33a-Open_Economy_Loanable_Funds_Market

Foreign-Currency Exchange Market

D-MacroEcon-Ch33b-Foreign_Currency_Exchange_Market

Open Economy Equilibrium

D-MacroEcon-Ch33c-Open_Economy_Equilibrium

Policy Applications

Government Budget Deficit in Open Economy

D-MacroEcon-Ch33d-Government_Budget_Deficit_in_Open_Economy

Trade Policy in Open Economy

D-MacroEcon-Ch33e-Trade_Policy_in_Open_Economy

Capital Flight

D-MacroEcon-Ch33f-Capital_Flight