7

I:

7.1

, . , . , , .

7.2

(6.3).

107

,

BP = CA+KA

KA , ( (2003)). , () (). , . , ( ). ( ) ( ).

, . , . . . ( ) ( ). , . , . ( ) ( ). , .

,

108

:

KA = KA(i) = KA+ z(i i)

dKA

di z 0

KA , . z . :

z ! 1 , . , i = i.

0 < z < 1 , , , . , i > i

.

z = 0 .

, :

BP = CA+KA = CA(Q;Y ) +KA(i) = CAmY + Q+KA+ z(i i)

BP = 0

109

, :

Y =1

m[CA+ Q+KA+ z(i i)] (7.1)

(7.1) @Y /@i =z/m 0, , z = 0 . , :

i = i 1z[CA+ QmY +KA] (7.2)

@i/@Y =m/z 0, z !1 .

110

iY

BP1 ( )

BP2 ( )

iBP3 ( )

7.1:

111

7.3

, :

i i = set+1

, , i = i. , , . .

. ( ) . , . ( ) .

IS-LM, BP . . , . , , LM . , , i > i , .

112

iY

i = iBP

, BP > 0:

, KA > CA

, BP < 0:

, KA < CA

7.2:

113

LM . LM , . IS LM , . . , , . .

114

iY

LM1

LM2

LM3

i = i BP

IS

,

,

,

LM

,

,

,

LM

7.3:

115

7.4

. LM . , () , () . , , , LM . , , , .

116

iY

LM1

i1 = i BP

IS

Y1

LM2

i2 < i

Y2

7.4:

117

7.5

IS. . . , , , . , , LM . .

( , , crowding-out effect). , , .

118

iY

LM1

i1 = i BP

IS1

E1

Y1

IS2

i2 > i E2

Y2

LM2

E3

Y3

7.5:

119

7.6

, . . , . (m). m, (z) . , ( ), ( ). . , , , .

. ( ) . . ( ) . IS-LM-BP

120

iY

LM

IS

BP

i1

Y1

7.6:

121

7.7

LM , . ( ). . , , . , LM . , , .

122

iY

LM1

IS

BP

i1

Y1

LM2

i2

Y2

7.7:

123

7.8

IS , . , . , BP LM. , :

BP LM ( ), . , m ( ) z ( ), . , , . , , LM . , .

BP LM ( ), . , m ( ) z ( ), . , , . , , LM . , .

124

iY

LM

IS1

BP1

BP2

IS2

i1

Y1

E1

i2 E2

Y2

7.8:

125

iY

LM1

IS1

BP

IS2

i1

Y1

E1

i2 E2

Y2

LM2

i3 E3

Y3

7.9:

126

iY

LM1

IS1

BP

IS2

i1

Y1

E1

i2 E2

Y2

LM2

i3

Y3

E3

7.10:

127

, , . , . , , .

BP = CA+KA: CA: KA: KA: i: i: z: m: Q:

: Goods and Services Market : Money Market : Capital Immobility : Imperfect Capital Mobility : Degree of Capital Mobility : Public Expenditure : Fiscal Policy : Domestic Spending : Domestic Interest Rate

128

: Imports: Income : Capital Inflow : Capital Outflow: Deficit: Exports : External Equilibrium : External Sector : Internal Equilibrium : Internal Sector : Money Demand : Balance of Payments : Current Account Balance: Equilibrium BP: BP Curve IS: IS Curve LM: LM Curve : Capital Mobility: Slope : Small Open Economy : Monetary Policy : Marginal Propensity to Import : Marginal Propensity to Consume: Surplus : Perfect Capital Mobility : Real Exchange Rate : Money Supply : Fixed Exchange Rates : Exchange Rate Policy : Investment Function : Consumption Function

129

1. , . (2003), , , .

130