Does the Mundell-Fleming Model apply to Poland?

Autor:	Yu HSING
Jazyk:	angličtina
Rok vydání:	2019
Předmět:	fiscal expansion monetary expansion exchange rates mundell-fleming model Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XXVI, Iss 4, Pp 265-272 (2019)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	Applying an extended IS-LM model to Poland, this paper finds that fiscal expansion does not raise output but causes real appreciation and that monetary expansion increases output and leads to real depreciation. Besides, a lower real interest rate, a higher real stock price or a lower expected inflation rate helps raise output; and a higher real interest rate, a higher real stock price or a lower expected inflation rate results in real appreciation. Hence, the predictions of the Mundell- Fleming model are applicable to Poland.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/956ac2368bfd4e20ba4a51cb034709a5 Zobrazit plný text záznamu View record in DOAJ