ECN3102: Makroekonomi Bab 13 : Polisi Makroekonomi dalan Ekonomi terbuka

ECN3102: Makroekonomi Bab 13 : Polisi Makroekonomi dalan Ekonomi terbuka DR KHAIRUL ANUAR

Box 13.1McParity

Figure 13.1The J curve

Figure 13.2The U.S. real exchange rate and net exports, 1973–2003

Figure 13.3The supply of and demand for the dollar

Figure 13.4The effect of increased export quality on the value of the dollar

Figure 13.5Goods market equilibrium in an open economy

Figure 13.6Derivation of the IS curve in an open economy

Figure 13.7Effect of an increase in government purchases on the open-economy IS curve

Figure 13.8Effect of an increase in net exports on the open-economy IS curve

Figure 13.9Effects of an increase in domestic government purchases

Figure 13.9Effects of an increase in domestic government purchases (cont’d)

Figure 13.10Effects of a decrease in the domestic money supply

Figure 13.10Effects of a decrease in the domestic money supply (cont’d)

Figure 13.11An overvalued exchange rate

Figure 13.12A speculative run on an overvalued currency

Figure 13.13An undervalued exchange rate

Figure 13.14Determination of the money supply under fixed exchange rates

Figure 13.15Coordinated monetary expansion

Figure 13.16Dollars per euro