Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22359 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
W.E.P. - Würzburg Economic Papers No. 66
Verlag: 
University of Würzburg, Department of Economics, Würzburg
Zusammenfassung: 
For 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.
Schlagwörter: 
open economy
inflation targeting
monetary policy rules
New Keynesian macroeconomics
JEL: 
F41
E50
E10
A20
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
562.62 kB





Publikationen in EconStor sind urheberrechtlich geschützt.