The works with basic Mundell-Fleming model by adding two dynamic equations, one for the balance of payments (or accumulation of foreign debt) and another for the budget deficit which includes all possible modes of financing.
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Paper provided by Ryerson Polytechnical Institute - Department of Economics in its series Papers with number
10.
Length: 14 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:ryerso:10
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Find related papers by JEL classification: H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus F1 - International Economics - - Trade F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other