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The Mundell-Fleming Economic Model

The Mundell-Fleming Economic Model

A crucial model for understanding international economics
978280626965250EBookPlurilingua PublishingUnderstand the essentials of the Mundell-Fleming model (also known as the IS-LM-BoP model or the IS-LM-BP model) in just 50 minutes with this practical and concise book. The Mundell-Fleming model is crucial to understanding international macroeconomics: it provides the general framework for economic policy within the Eurozone, and allows us to analyze the role of international capital mobility in the effectiveness of macroeconomic policy under different exchange rate regimes. This book will provide you with a handy introduction to the applications of the Mundell-Fleming model and the assumptions underlying it, including the fact that the model is valid for a closed economy. It also features a detailed examination of the role of the Mundell-Fleming model in European monetary construction, a discussion of the theory's limitations, and an introduction to extensions, such as the inclusion of the risk factor of a country in the model. About the Mundell-Fleming model The Mundell-Fleming model has a wide range of applications: among other benefits, it helps us to understand how the choice between a fixed or variable exchange rate affects the efficiency of economic policies in an economy that is open to international trade, allows us to anticipate the effects of the removal of customs duties and the explosion of capital markets, and shows how a country can use budgetary and monetary policies to achieve balance both within its borders and outside of them. In this book, you will discover the key components of the Mundell-Fleming model and learn about its relevance to monetary policy within the European Union. A clear explanation of the benefits and potential drawbacks of the model, a detailed discussion of a specific case study and an introduction to related models will give you everything you need to know about this hugely influential economic concept. This straightforward and accessible 56-page book is structured as follows: Introduction to the Mundell-Fleming model Theory Origin of the Mundell-Fleming model How does the IS-LM model work? What is the Mundell-Fleming model? Mundell-Fleming model and the European construction Context Target benefits Scope of the model Limitations and extensions of the Mundell-Fleming model Limitations and criticisms Related models Summary Understand the essentials of the Mundell-Fleming model (also known as the IS-LM-BoP model or the IS-LM-BP model) in just 50 minutes with this practical and concise book. The Mundell-Fleming model is crucial to understanding international macroeconomics: it provides the general framework for economic policy within the Eurozone, and allows us to analyze the role of international capital mobility in the effectiveness of macroeconomic policy under different exchange rate regimes. This book will provide you with a handy introduction to the applications of the Mundell-Fleming model and the assumptions underlying it, including the fact that the model is valid for a closed economy. It also features a detailed examination of the role of the Mundell-Fleming model in European monetary construction, a discussion of the theory's limitations, and an introduction to extensions, such as the inclusion of the risk factor of a country in the model. About the Mundell-Fleming model The Mundell-Fleming model has a wide range of applications: among other benefits, it helps us to understand how the choice between a fixed or variable exchange rate affects the efficiency of economic policies in an economy that is open to international trade, allows us to anticipate the effects of the removal of customs duties and the explosion of capital markets, and shows how a country can use budgetary and monetary policies to achieve balance both within its borders and outside of them. In this book, you will discover the key components of the Mundell-Fleming model and learn about its relevance to monetary policy within the European Union. A clear explanation of the benefits and potential drawbacks of the model, a detailed discussion of a specific case study and an introduction to related models will give you everything you need to know about this hugely influential economic concept. This straightforward and accessible 56-page book is structured as follows: Introduction to the Mundell-Fleming model Theory Origin of the Mundell-Fleming model How does the IS-LM model work? What is the Mundell-Fleming model? Mundell-Fleming model and the European construction Context Target benefits Scope of the model Limitations and extensions of the Mundell-Fleming model Limitations and criticisms Related models Summary application/pdf1 economics, International Monetary Fund, macroeconomics, monetary policy, trade
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Understand the essentials of the Mundell-Fleming model (also known as the IS-LM-BoP model or the IS-LM-BP model) in just 50 minutes with this practical and concise book. The Mundell-Fleming model is crucial to understanding international macroeconomics: it provides the general framework for economic policy within the Eurozone, and allows us to analyze the role of international capital mobility in the effectiveness of macroeconomic...
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Understand the essentials of the Mundell-Fleming model (also known as the IS-LM-BoP model or the IS-LM-BP model) in just 50 minutes with this practical and concise book. The Mundell-Fleming model is crucial to understanding international macroeconomics: it provides the general framework for economic policy within the Eurozone, and allows us to analyze the role of international capital mobility in the effectiveness of macroeconomic policy under different exchange rate regimes.

This book will provide you with a handy introduction to the applications of the Mundell-Fleming model and the assumptions underlying it, including the fact that the model is valid for a closed economy. It also features a detailed examination of the role of the Mundell-Fleming model in European monetary construction, a discussion of the theory’s limitations, and an introduction to extensions, such as the inclusion of the risk factor of a country in the model.

About the Mundell-Fleming model

The Mundell-Fleming model has a wide range of applications: among other benefits, it helps us to understand how the choice between a fixed or variable exchange rate affects the efficiency of economic policies in an economy that is open to international trade, allows us to anticipate the effects of the removal of customs duties and the explosion of capital markets, and shows how a country can use budgetary and monetary policies to achieve balance both within its borders and outside of them.

In this book, you will discover the key components of the Mundell-Fleming model and learn about its relevance to monetary policy within the European Union. A clear explanation of the benefits and potential drawbacks of the model, a detailed discussion of a specific case study and an introduction to related models will give you everything you need to know about this hugely influential economic concept.

This straightforward and accessible 56-page book is structured as follows:

  • Introduction to the Mundell-Fleming model
  • Theory
    • Origin of the Mundell-Fleming model
    • How does the IS-LM model work?
    • What is the Mundell-Fleming model?
  • Mundell-Fleming model and the European construction
    • Context
    • Target benefits
    • Scope of the model
  • Limitations and extensions of the Mundell-Fleming model
    • Limitations and criticisms
    • Related models
  • Summary

Product details

ISBN

9782806269652

Publisher

Plurilingua Publishing

Serie

50MINUTES.COM – Business

Format

PDF

Pages

50

File size

4.2 MB