Lecture or Presentation
This lecture examines the effects of the economy’s openness on macroeconomic policy. The three main topics covered in this lecture are: the effect of exports and imports on the Gross Domestic Product; the workings of a foreign exchange market; and the effects of exchange rates on the economy.
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Nunez-Torres, Alexander, "The Balance of Payments, Exchange Rates and Aggregate Expenditure" (2018). CUNY Academic Works.