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Short-Run Economic Analysis with Fixed and Flexible Exchange Rates

Explore the impact of money and fiscal expansions in small vs. large countries with perfect/imperfect capital mobility in the short run. Analyze economic developments in Japan from 1980 to 2003.

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Short-Run Economic Analysis with Fixed and Flexible Exchange Rates

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  1. Figure 25.1 Robert Mundell (1932 – )

  2. Figure 25.2 Overview of Chapter 25, short-run analysis

  3. Figure 25.3 Money expansion (dashed line accomodates) small country, fixed exchange rates, perfect capital mobility, short-run

  4. Figure 25.4 Fiscal expansion (dashed line accomodates) small country, fixed exchange rates, perfect capital mobility, short-run

  5. Figure 25.5 Money expansion in Home; large country, fixed exchange rates

  6. Figure 25.6 Monetary expansion small country, fixed exchange rates, imperfect substitutability, short-run

  7. Figure 25.7 Estimated offset coefficients, various countries Shaded bars do not differ statistically significantly from (-) one.

  8. Figure 25.8 Money expansion (dashed line accomodates) small country, flexible exchange rates, perfect capital mobility, short-run

  9. Figure 25.9 Fiscal expansion (dashed line accomodates) small country, flexible exchange rates, perfect capital mobility, short-run

  10. Figure 25.10 Fiscal expansion in Home; large country, flexible exchange rates

  11. Figure 25.11 Economic developments in Japan, 1980-2003

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