An Equilibrium Model with applications for some of the Asian and Australia-Oceania countries - Part Two
The model presented in this article is an adaptation of the IS-LM model for an open economy in which we took into account the temporal variable to more accurately determine the equilibrium levels of the macroeconomic indicators. We analyzed the periods during which the values of the indicators ex...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Danubius University
2019-12-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/6391/5374 |
| Summary: | The model presented in this article is an adaptation of the IS-LM model for an open economy
in which we took into account the temporal variable to more accurately determine the equilibrium levels
of the macroeconomic indicators. We analyzed the periods during which the values of the indicators
exceeded the level of equilibrium and we identified the possible causes that led to these situations. |
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| ISSN: | 2065-0175 2067-340X |