Description

Course notes + graphs with my explanations covering Monetary Model (flexible prices) -Flexible/floating exchange rate o Increase in nominal money supply Ms o Increase in domestic real income y o Increase in foreign price level P* -Fixed exchange rate o Increase in nominal money supply Ms o Increase in domestic real income y o Increase in foreign price level P* o Devaluation Mundell-Fleming Model (fixed prices) -Floating Exchange rate o Monetary Expansion o Fiscal Expansion -Fixed Exchange rate o Monetary Expansion o Fiscal Expansion Dornbusch Model (sticky prices) -Monetary Expansion o Long run Effect o Impact Effect o Adjustment Process -Application on oil shock Exchange Rate Changes Explained


Adelaide

Semester 2, 2022


11 pages

2,380 words

$29.00

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