EuroEconomica, Vol 38, No 2 (2019)

An Equilibrium Model with Applications for Some of the Asian and Australia-Oceania Countries - Part One

Catalin Ioan, Gina Ioan

Abstract


The model presented in this article is an adaptation of the IS-LM model for an open economy in which wetook into account the temporal variable to more accurately determine the equilibrium levels of the macroeconomicindicators. We analyzed the periods during which the values of the indicators exceeded the level of equilibrium and weidentified the possible causes that led to these situations.

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