The Mundell-Fleming Model

Paper Summary:

The paper relates that in an increasingly globalized marketplace, understanding the forces at play has become more challenging than ever before. The paper examines the Mundell-Fleming model that provides analysts with a framework in which the impact of the behavior of international markets on national economies can be investigated. The paper identifies some of the limitations of the Mundell-Fleming model through a review of the peer-reviewed and scholarly literature.

Outline:
Introduction
Review and Discussion
Conclusion

From the Paper:

"In an increasingly globalized marketplace, understanding the forces at play has become more challenging that ever before. Fortunately, economists have some useful tools at their disposal to help them make sense of things, with one of these being the Mundell-Fleming model. All of the models share in common the fact that they are better suited for some purposes than others, and the Mundell-Fleming model is no exception."

Sample of Sources Used:

• Bosworth, B. P. (1993). Saving and investment in a global economy. Washington, DC: The Brookings Institution.
• Eichengreen, B., & Frieden, J. A. (2001). The political economy of European monetary unification. Boulder, CO: Westview Press.
• Fan, C. M., & Fan, L. S. (2002). The Mundell-Fleming Model revisted. American Economist, 46(1), 42.
• Macdonald, R. (1993). Floating exchange rates: Theories and evidence. Place of Publication: London: Routledge.

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