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Macroeconomic Analysis 2003

Macroeconomic Analysis 2003. BOP Crisis and Economic Policy Blanchard (20) Mankiw (2) M&S (20). Nature of Economic Crisis. Three GAPs: Investment-Saving, Budget and Trade Gaps . S(Y). Trade Surplus. K-outflow. i. Private saving +public saving = net export. i. I(r). Trade deficit.

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Macroeconomic Analysis 2003

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  1. Macroeconomic Analysis 2003 BOP Crisis and Economic Policy Blanchard (20) Mankiw (2) M&S (20) Lecture 22

  2. Nature of Economic Crisis Lecture 22

  3. Three GAPs: Investment-Saving, Budget and Trade Gaps S(Y) Trade Surplus K-outflow i Private saving +public saving = net export i I(r) Trade deficit K-inflow 0 Saving and Investment Lecture 22

  4. Internal and External Balance Under the Fixed Exchange Rate Regime Lecture 22

  5. Macroeconomic Fundamentals Lecture 22

  6. Basics of the Foreign Exchange and the Financial Market Lecture 22

  7. Speculation and Crisis Lecture 22

  8. First generation models of Economic Crisis Lecture 22

  9. Second generation models of Economic Crisis Lecture 22

  10. Two Views About Asian Crisis Lecture 22

  11. Mexican crisis Lecture 22

  12. Crisis in transition economies Lecture 22

  13. Main components of economic liberalisation Lecture 22

  14. Exercises • What are the macroeconomic fundamentals (a) causing economic crisis (b) that avoid economic crisis? • What were the reasons and consequences of Asian crisis of 1997-1999? • How did Mexican and Latin American crises emerged and solved? • What were the problems of liberalisation in the transition economies? Lecture 22

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