S10 MyCh13R - Ch 13 Review Open economy IS 1 Derivation r Y...

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Ch. 13 Review
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2 r $ S(r; Y ° ) – I(r) NX(r; Y ° ) Y ° Y ° + Y Open economy IS – 1) Derivation
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3 r $ S(r; Y ° ) – I(r) S(r; Y ° + Y) – I(r) NX(r; Y ° ) Open economy IS – 1) Derivation Y ° Y ° + Y Richer country saves more
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4 r $ S(r; Y ° ) – I(r) S(r; Y ° + Y) – I(r) NX(r; Y ° ) NX(r; Y ° + Y) Open economy IS – 1) Derivation Y ° Y ° + Y Richer country exports less
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5 r $ r Y S(r; Y ° ) – I(r) S(r; Y ° + Y) – I(r) NX(r; Y ° ) NX(r; Y ° + Y) Open Economy IS Y ° Y ° + Y Y ° Y ° + Y Richer country has lower real interest Open economy IS – 1) Derivation
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6 Open economy IS – 2) Variation: a. impact at home S(r; Y, .) – I(r) NX(r; Y, .) Open economy IS
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7 Open economy IS – 2) Variation: a. impact at home S(r; Y, .) – I(r) NX(r; Y, .) Open economy IS Temporary increase of G Government spending crowds out saving
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8 Open economy IS – 2) Variation: a. impact at home S(r; Y, .) – I(r) NX(r; Y, .) Open economy IS Temporary increase of G Government spending crowds out saving Same Y Higher r
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