chapter 18. open economy macroeconomics link to syllabus
Post on 19-Dec-2015
229 views
TRANSCRIPT
![Page 1: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/1.jpg)
Chapter 18. Open Economy Macroeconomics
Link to syllabus
![Page 2: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/2.jpg)
The US Balance of Payments, 2007. Table 18-2, p. 495
![Page 3: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/3.jpg)
Current Account Deficits. p. 499
![Page 4: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/4.jpg)
Egypt’s Balance of Payments, 1991-1998
Source: WTO Trade Policy Review, Egypt, 1999
![Page 5: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/5.jpg)
International Capital Flows. Fig. 18-4, p. 501
![Page 7: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/7.jpg)
Newspaper Presentation
![Page 8: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/8.jpg)
EYE ON THE GLOBAL ECONOMY
Back to list
P. 497Bade/Parkin
The Sliding Euro
![Page 9: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/9.jpg)
Back to list
P. 485Bade/Parkin
The Dollar and the Yen Since 1980
![Page 10: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/10.jpg)
The Foreign Exchange Market. Fig. 18-5, p. 506.
The market for US Dollars in Europe, for which the price is expressed as €/$.
←D
epre
ciat
ion
of $
A
ppre
ciat
ion
of $
→
![Page 11: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/11.jpg)
The Foreign Exchange Market. Fig. 18-5, p. 506.
The market for US Dollars in Europe, for which the price is expressed as €/$.
←D
epre
ciat
ion
of $
A
ppre
ciat
ion
of $
→
(US imports)
(US exports)
![Page 12: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/12.jpg)
The Foreign Exchange Market. Fig. 18-5, p. 506.
The market for US Dollars in Europe, for which the price is expressed as €/$.
←D
epre
ciat
ion
of $
A
ppre
ciat
ion
of $
→
US imports &capital flows,US → Europe
US exports &capital flows,Europe → US
![Page 13: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/13.jpg)
Increase in Demand for US Dollars in Europe, caused by greater capital flows from Europe → US.
Fig 18-6, p. 507
![Page 14: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/14.jpg)
Political Impact on X-rates
![Page 15: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/15.jpg)
Britain’s new economic policy, Tax and Axe: NYT June 23, 2010
![Page 16: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/16.jpg)
Real vs. Nominal Exchange Rates Peso/US$ 1990-2007. Figure 18-7, p. 509
![Page 17: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/17.jpg)
Purchasing Power Parity, Canada/US. Fig. 18-8, p. 511
![Page 18: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/18.jpg)
US Net Exports, 1947-2008. Fig. 18-9, p. 512
![Page 19: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/19.jpg)
Exchange Rate Intervention. Fig. 18-10, p. 514
Balance of payments deficit: Balance of payments surplusoversupply of domestic currencyin international markets.S reflects Genovian imports,D is Genovian exports, andExports – Imports < 0.
![Page 20: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/20.jpg)
Monetary Policy and the Exchange Rate. Fig. 18-12, p. 519
Note that the exchange rate is now Geno/$, in contrast to Fig. 18-5.
![Page 21: Chapter 18. Open Economy Macroeconomics Link to syllabus](https://reader036.vdocuments.us/reader036/viewer/2022062300/56649d2e5503460f94a04c6b/html5/thumbnails/21.jpg)
Fig. 18-11 p. 516 The Road to the Euro