An Equilibrium Model with Applications for Some of the Asian and
Australia-Oceania Countries - Part One
An Equilibrium Model with Applications for Some of the Asian and
Australia-Oceania Countries - Part One
Author(s): Cătălin Angelo Ioan, Gina IoanSubject(s): Supranational / Global Economy
Published by: Editura Universitară Danubius
Keywords: equilibrium; GDP; investments; interest rate; consumption;
Summary/Abstract: 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.
Journal: Euro Economica
- Issue Year: 38/2019
- Issue No: 2
- Page Range: 97-226
- Page Count: 130
- Language: English