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Effects of Fiscal Policy under Different Capital Mobility

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  • Ping Han

Abstract

Mundell-Fleming model is a standard open macroeconomic theory that tries to describe the effects of fiscal and monetary policies. It is believed that, under assumptions of small country and perfect capital mobility, fiscal policy is strong under fixed exchange rate while monetary policy is strong under floating exchange rate. This article extends assumptions of this theory, discusses effects of fiscal policy in a big, open economy under different capital mobility situations.

Suggested Citation

  • Ping Han, 2014. "Effects of Fiscal Policy under Different Capital Mobility," Accounting and Finance Research, Sciedu Press, vol. 3(1), pages 111-111, February.
    • Handle: RePEc:jfr:afr111:v:3:y:2014:i:1:p:111
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    References listed on IDEAS

    as
    1. Robert A. Mundell, 1962. "The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability," IMF Staff Papers, Palgrave Macmillan, vol. 9(1), pages 70-79, March.
    2. Robert Mundell, 1963. "Inflation and Real Interest," Journal of Political Economy, University of Chicago Press, vol. 71(3), pages 280-280.
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    Cited by:

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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