IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-662-49862-0_10.html
   My bibliography  Save this book chapter

The Mundell-Fleming Model

In: International Finance and Open-Economy Macroeconomics

Author

Listed:
  • Giancarlo Gandolfo

    (Accademia Nazionale dei Lincei)

Abstract

The analysis carried out in the previous chapters was concerned with the “real” side of the economy and the balance of payments, as only the market for goods and services and the relative international flows (the current account) were considered. The introduction of monetary equilibrium, interest rates, and international flows of capital was first carried out through the extension to an open economy of the closed-economy Keynesian model as synthesized by Hicks (Econometrica, 5, 147–159, 1937; reprinted in: J.R. Hicks (1967). Critical essays in monetary theory, Chap. 7 Oxford: Oxford University Press) in the IS–LM analysis. This extension was accomplished by Mundell and Fleming in the early 1960s.The Mundell-Fleming model has important policy implications, which were treated together with the description of the model in the original writings of the two authors. For didactic purposes we shall separate the descriptive and normative aspects. The policy implications of the model will be considered in the next chapter.

Suggested Citation

  • Giancarlo Gandolfo, 2016. "The Mundell-Fleming Model," Springer Texts in Business and Economics, in: International Finance and Open-Economy Macroeconomics, edition 2, chapter 10, pages 191-220, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-49862-0_10
    DOI: 10.1007/978-3-662-49862-0_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-662-49862-0_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.