On the Origins of the Fleming-Mundell Model
June 1, 2002
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Summary
Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fleming-Mundell model?
Subject: Conventional peg, Fiscal policy, Floating exchange rates, Foreign exchange, Labor
Keywords: Conventional peg, effectiveness of fiscal and monetary policies, effects of monetary and fiscal policies, fiscal policy action, Fleming, Floating exchange rates, models of Fleming, monetary policy, Mundell, open-economy macroeconomic models, policy analysis, version of Fleming's paper, WP
Pages:
13
Volume:
2002
DOI:
Issue:
107
Series:
Working Paper No. 2002/107
Stock No:
WPIEA1072002
ISBN:
9781451852998
ISSN:
1018-5941
