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Chapter 5 - Witte

Chapter 5 - Witte. Open Economy Perfect Capital Mobility NX = NCO. Chapter 5 - Witte. NX = NCO, 1 Barrel of Oil. Chapter 5 - Witte. Small Open Economy Canada, New Zealand, Hong Kong, Singapore, Ireland. Chapter 5 - Witte. r, NX = NCO graphically in a Small Open Economy.

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Chapter 5 - Witte

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  1. Chapter 5 - Witte • Open Economy • Perfect Capital Mobility • NX = NCO

  2. Chapter 5 - Witte • NX = NCO, 1 Barrel of Oil

  3. Chapter 5 - Witte • Small Open Economy • Canada, New Zealand, Hong Kong, Singapore, Ireland

  4. Chapter 5 - Witte • r, NX = NCO graphically in a Small Open Economy

  5. Chapter 5 - Witte • Poor Nations may not be “Open”

  6. Chapter 5 - Witte • Exchange Rates • Spot vs. Forward • Nominal vs. Real • RER =

  7. Chapter 5 - Witte • RER for all goods • Graphically • PPP and LOOP

  8. Chapter 5 Appendix- Witte • Large Open Economy • Set own interest rate • NCO = NCO(r) • Graphically • Information sets + exchange rate risk = home bias

  9. Chapter 5 Appendix- Witte • S = I + NCO

  10. Chapter 5 Appendix- Witte • Graphically (to be revisited with IS-LM, Ch. 12 App)

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