A Note on the Mundell-Fleming Model: Policy Implications on Factor Migration

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dc.contributor.author Laurila, Hannu -
dc.date.accessioned 2012-06-17T20:08:29Z
dc.date.available 2012-06-16 09:03:02 -
dc.date.available 2012-06-17T20:08:29Z
dc.date.issued 2007 -
dc.identifier.isbn 978-951-44-70-42-4 -
dc.identifier.issn 1458-1191 -
dc.identifier.uri http://tampub.uta.fi/handle/10024/65308
dc.description.abstract The policy implications of the seminal Mundell-Fleming model are reviewed in the classicallong-term regime of the full Neo-Keynesian macroeconomic model. It is shown that, besides thetemporary capital flows described by the Mundell-Fleming model, both fiscal and monetarypolicy may have longer lasting effects on factor migration. A positive policy shock motivatesemigration of labour and inflow of capital, and vice versa. Under imperfect mobility of labour,the effect on labour migration depends on whether the domestic transaction costs of revisingthe contracts are higher or lower than the costs of international mobility. -
dc.format.extent 18 -
dc.language.iso en -
dc.title A Note on the Mundell-Fleming Model: Policy Implications on Factor Migration -
dc.type fi=Erillisteos | en=Monograph| -
dc.identifier.urn urn:isbn:978-951-44-70-42-4 -
dc.type.version fi=Kustantajan versio | en=Publisher's version| -
dc.subject.okm fi=Kansantaloustiede | en=Economics| -
dc.oldstats 608 -
dc.seriesname.electronic Tampere Economic Working Papers Net Series
dc.relation.numberinserieselectronic 57/2007

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