Small Open Economy Model Equilibrium
The Small Open Economy Model at equilibrium with flexible prices
A revision sheet for the macroeconomic small open economy model with flexible prices. Print out and practise your own exogenous shocks to government spending, TFP and investment so ace your macroeconomic university assignments.
Looking for the IS-LM Open Economy Model?
Try the IS-LM Open Economy Model
What if both prices and the exchange rate are fixed?
This would be the Fixed Exchange Rate Sticky Price Model