Theoretical and Applied Economics
No. 4 / 2019 (621), Winter
Does the Mundell-Fleming Model apply to Poland?
Yu HSING
Southeastern Louisiana University, Hammond, Louisiana, USA
Southeastern Louisiana University, Hammond, Louisiana, USA
Abstract. 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 inflation rate helps raise output; and a higher real interest rate, a higher real stock price or a lower expected inflation rate results in real appreciation. Hence, the predictions of the Mundell- Fleming model are applicable to Poland.
Keywords: fiscal expansion, monetary expansion, exchange rates, Mundell-Fleming model.
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Contents
- Expanding the Eurozone. The stage of economic convergence
for Bulgaria, Czech Republic, Croatia, Hungary,
Poland and Romania
Iulian Nicolae VASILOIU
- Volatility experience of major world stock markets
M. MALLIKARJUNA
R. Prabhakara RAO
- Unemployment hysteresis analysis for OECD countries
Muhammed TIRAŞOĞLU
- Culture as a driving factor for foreign direct investments
in the Western Development Region of Romania
Norbert FÖLDI
- A Deep Neural Network (DNN) based classification model
in application to loan default prediction
Selçuk BAYRACI
Orkun SUSUZ
- The new Keynesian Phillips Curve.
Implications. Strengths and weaknesses
Rareș-Petru MIHALACHE
Dumitru Alexandru BODISLAV
- Corporate ownership structure and performance:
An enquiry into India
Pradiptarathi PANDA
Jinesh PANCHALI
- Turkey’s macroeconomic policy challenges
in the aftermath of the 2018 crisis:
A sectoral financial balances analysis
Sashi SIVRAMKRISHNA
Dhruva Teja NANDIPATI
- Main aspects on the nature of dynamic models
Constantin ANGHELACHE
Dana Luiza GRIGORESCU
Oana BÎRSAN
- An analyses model
of the Romanian privately managed pension system
Dragoș Alexandru HAȘEGAN
- Dynamic models used in analysis capital and population
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
Gabriel-Ștefan DUMBRAVĂ
Marius POPOVICI
- Poverty rate determinants
in the Central and Eastern Europe member states
Maria-Daniela TUDORACHE
- Wagner versus Keynesian Hypothesis:
Role of aggregate and disaggregate expenditure in Pakistan
Kashif MUNIR
Wajid ALI
- GARCH based VaR estimation:
An empirical evidence from BRICS stock markets
Siva Kiran GUPTHA. K
Prabhakar RAO. R
- Does FDI substitute exports of home country?
A case of US FDI in select Asian economies
Ketan C. LIMAYE
Achut P. PEDNEKAR
- Exploring the role of institutions
in cross country Malmquist productivity analysis:
A two-stage double bootstrap DEA approach
Danish Ahmed SIDDIQUI
Qazi Masood AHMED
- The validity of Okun’s Law:
Evidences from Indian economy
Tariq Ahmad BHAT
Tariq Ahmad LONE
Towseef Mohi Ud DIN
