Mundell–Fleming model / IS-LM-BoP model
2 months ago
7
The Mundell–Fleming model, also known as the IS-LM-BoP model, is an economic model first set forth by Robert Mundell and Marcus Fleming. The model is an extension of the IS–LM model. Whereas the traditional IS-LM model deals with economy under autarky, the Mundell–Fleming model describes a small open economy.
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