Mundell-Fleming Model

This video discusses about the Mundell-Fleming model in detail. Actually Mundell-Fleming model has a close relation with IS-LM Curve.
Both stress interaction b/w good & money market.
Both models assume price level is fixed then show what causes short-run fluctuations in aggregate income or equivalent shifts in aggregate demand curve.
The key difference is that the IS–LM model assumes a closed economy,
whereas the Mundell-Fleming model assumes an open economy.
So, it would be recommended to see the IS-LM curve model first before watching this video.

IS-LM Curve:
   • IS-LM Model in Hindi  


Sources:
- Mankiw, Gregory, Macroeconomics, New York, Worth Publisher, 2009.
- https://www.economicsdiscussion.net/o...


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