01722cas a2200241 a 4500 AALejournalIMF008014 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451930719 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 34 No. 4. Washington, D.C. : International Monetary Fund, 1987. 1 online resource (228 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Mundell-Fleming model of international macroeconomic originated in the early 1960s and has been extended during the ensuing quarter century. This paper develops an exposition that integrates the various facets of the model and incorporates its extensions into a unified analytical framework. Attention is given to (1) the distinction between short-run and long-run effects of policies, (2) the implications of debt and tax financing of government expenditures, and (3) the role of the exchange rate regime in this regard. By identifying the key mechanisms operating in the model, the exposition clarifies the model's limitations and facilitates comparison with other, more current approaches. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1987/003 Full text available on IMF http://elibrary.imf.org/view/journals/024/1987/003/024.1987.issue-003-en.xml IMF e-Library