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dc.contributor.authorBofinger, Peteren_US
dc.contributor.authorMayer, Ericen_US
dc.contributor.authorWollmershäuser, Timoen_US
dc.date.accessioned2009-01-29T14:57:29Z-
dc.date.available2009-01-29T14:57:29Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22359-
dc.description.abstractFor the open economy the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the IS-LM model to open economy problems. The purpose of this paper is to present a simple New Keynesian model of the open economy, that introduces open economy considerations into the closed economy consensus version and that still allows for a simple and comprehensible analytical and graphical treatment. Above all, our model provides an efficient tool kit for the discussion of the costs and benefits of fixed and flexible exchange rates, which also was at the core of the Mundell-Fleming model.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesWürzburg economic papers 66en_US
dc.subject.jelF41en_US
dc.subject.jelE50en_US
dc.subject.jelE10en_US
dc.subject.jelA20en_US
dc.subject.ddc330en_US
dc.subject.keywordopen economyen_US
dc.subject.keywordinflation targetingen_US
dc.subject.keywordmonetary policy rulesen_US
dc.subject.keywordNew Keynesian macroeconomicsen_US
dc.titleTeaching New Keynesian Open Economy Macroeconomics at the Intermediate Levelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn511444605en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewep:66-
Appears in Collections:W.E.P. - Würzburg Economic Papers, Lst. f. VWL, Geld u. internat. Wirtschaftsbeziehungen, Universität Würzburg

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