This technical note presents the basic structure of what we call the three glazed models. This model is essentially just the "opening" of the closed economy IS / LM model, with the main panel are the IS / LM model (modified slightly to allow for international trade) and two additional panels, which determine the amount of capital inflows, net exports, and the exchange rate. This note is not a substitute for a more detailed presentation of the models found in textbooks, but should be used in addition to the rich treat each textbook theoretical and technical aspects of these models. "Hide
by Francis Warnock 7 pages. Publication Date: August 14, 2008. Prod. #: UV1111-PDF-ENG
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