Does the Mundell-Fleming Model apply to Poland?
Applying an extended IS-LM model to Poland, this paper finds that fiscal expansion does not raise output but causes real appreciation and that monetary expansion increases output and leads to real depreciation. Besides, a lower real interest rate, a higher real stock price or a lower expected inflat...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2019-12-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1433.pdf
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