11 the macroeconomics of open economies. copyright©2004 south-western 31 open-economy...

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11 THE MACROECONOMICS OF OPEN ECONOMIES

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Page 1: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

11

THE MACROECONOMICS OF OPEN ECONOMIES

Page 2: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

Copyright©2004 South-Western

3131Open-Economy

Macroeconomics:

Basic Concepts

Page 3: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

Copyright©2004 South-Western

Figure 1 The Internationalization of the U.S. Economy

Page 4: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

Table 1 International Flows of Goods and Capital: Summary

Copyright©2004 South-Western

Page 5: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

Copyright©2004 South-Western

Figure 2a National Saving, Domestic Investment, and Net Capital Outflow

Page 6: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

Copyright©2004 South-Western

Figure 2b National Saving, Domestic Investment, and Net Capital Outflow

Page 7: 11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic

Copyright©2004 South-Western

Figure 3 Money, Prices, and the Nominal Exchange Rate during the German Hyperinflation