Nalazite se na CroRIS probnoj okolini. Ovdje evidentirani podaci neće biti pohranjeni u Informacijskom sustavu znanosti RH. Ako je ovo greška, CroRIS produkcijskoj okolini moguće je pristupi putem poveznice www.croris.hr
izvor podataka: crosbi !

APPLICATION OF THE MUNDELL-FLEMING MODEL ON A SMALL OPEN ECONOMY (CROSBI ID 215575)

Prilog u časopisu | izvorni znanstveni rad

Vidaković, Neven APPLICATION OF THE MUNDELL-FLEMING MODEL ON A SMALL OPEN ECONOMY // Ekonomija (Zagreb), 11 (2005), 3; 392-424

Podaci o odgovornosti

Vidaković, Neven

engleski

APPLICATION OF THE MUNDELL-FLEMING MODEL ON A SMALL OPEN ECONOMY

The object of this paper is to investigate the applicability of a Mundell-Fleming model. The model was developed in 1960s with the main intention of opening the standard closed economy Keynesian IS-LM model and adjusting the variables for the capital flows and other shocks that might result from capital flow. The paper develops the models into detail, contrasts the closed economy and open economy IS-LM model. The paper also extents the model for the application to the standard rational expectations theory. After developing the model, I apply the model to a small open economy. In this case, I chose Croatia. Small open economy in the middle of Europe. The country was chosen because it is currently undergoing the transition from socialistic planed economy to open capitalistic economy and it is very susceptible to the capital flows. The model fits the data very good and proves on the data that monetary and fiscal policy if used separately will have no effect on the economy because of the capital flows.

capital flows; small open economy; foreign debt

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

Podaci o izdanju

11 (3)

2005.

392-424

objavljeno

1330-0636

Povezanost rada

Ekonomija

Poveznice