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Chapter 18 Spending and the Exchange Rate in the Keynesian Model . Figure 18.1 Insulation Under Floating Exchange Rates. Figure 18.2 Dilemma: External Balance or Internal Balance?. Figure 18.3 Policy Combinations That Give External Balance. - PowerPoint PPT Presentation
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Copyright © 2002 Pearson Education 18-1
Chapter 18 Spending and the Exchange Rate in the Keynesian Model
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Figure 18.1 Insulation Under Floating Exchange Rates
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Figure 18.2 Dilemma: External Balance or Internal Balance?
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Figure 18.3 Policy Combinations That Give External Balance
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Figure 18.4 Policy Combinations That Give Internal Balance
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Figure 18.5 The Swan Diagram of Internal and External Balance
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Figure 18.6 Effect of a Fall in the
Interest Rate, I
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Figure 18.7 Monetary Expansion
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Figure 18.8 Fiscal
Expansion with
Crowding-Out of
Investment
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Figure 18.9 Devaluation
with Crowding-
Out
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Figure 18.A.1 Increase in the Exchange Rate with the Laursen-
Metzler-Harberger Effect
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Figure 18.A.2 External Disturbance under a Floating Exchange Rate
