This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
CHAPTER 19
MACROECONOMIC POLICY
AND COORDINATION UNDER
FLOATING EXCHANGE RATES
Figure 19-1 Effects of a Fall in Export Demand
continued...
Figure 19-1 continued...
Figure 19-2 A Rise in Money Demand under a Floating Exchange Rate
Figure 19-3 Nominal and Real Effective Dollar Exchange Rate Indexes, 1975-1996
Figure 19-4 Output Determination in a Two-Century World
Figure 19-5 Monetary Contraction in Home
Figure 19-6 Fiscal Expansion in Home
Figure 19-7 Exchange Rate Changes Since the Louvre Accord
Figure 19-8 Exchange Rate Trends and Inflation Differentials, 1973-1997
Figure 19AI-1 Hypothetical Effects of Different Monetary Policy Combinations on Inflation and Unemployment
Figure 19AI-2 Payoff Matrix for Different Monetary Policy Moves