Slide 1 Balance of Payments Accounting Slide 2 The Balance of Payments Recall the open economy accounting identity: Income = ExpendituresRecall the open economy accounting…
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Slide 1 FIN 30220: Macroeconomic Analysis Open Economy Macroeconomics Slide 2 Open economy macroeconomics looks at the interactions between the US and the rest of the world…
FIN 40500: International Finance Nominal Rigidities and Exchange Rate Volatility So far, we have taken two approaches to exchange rate determination The trade balance approach…