组合?这种政策对汇率和贸易余额会有什么影响? Consider a large open economy in which the govemment desires to increase output without chartgins the interest rate.Why would the government want to do this?What type of policy mix would you recommend?What are the effects of this policy on the exchange rate and the trade balance?
What will happen to the trade balance and the real exchange rate of a small open economy when government purchases inerease, such as during a war? Does your answer depend on whether this is a local war or a world war?