Browsing School of Technology by Subject "Mundell-Fleming"

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Simple open economy macro with comprehensive accounting a radical alternative to the Mundell Fleming model

Godley, Wynne; Lavoie, Marc (CFAP, Cambridge Judge Business School, University of Cambridge, 2004-04)

This paper presents a stock flow model of two economies (together comprising the whole world) which trade goods and financial assets with one another. The accounting framework, though comprehensive in its own terms, is ...