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The BMW model: A new framework for teaching monetary macroeconomics in closed and open economies
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo; … - 2003
While the IS/LM-AS/AD model is still the central tool of macroeconomic teaching it has been criticised by several economists. The model is unable to deal with a monetary policy that uses the interest rate as its operating target ( Romer [2000]). Walsh [2002] has criticised that it is not suited...
Persistent link: https://www.econbiz.de/10010305749
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The BMW model : a new framework for teaching monetary macroeconomics in closed and open economies
Bofinger, Peter (contributor); Mayer, Eric (contributor);  … - 2003 - rev.
While the IS/LM-AS/AD model is still the central tool of macroeconomic teaching it has been criticised by several economists. The model is unable to deal with a monetary policy that uses the interest rate as its operating target ( Romer [2000]). Walsh [2002] has criticised that it is not suited...
Persistent link: https://www.econbiz.de/10010498980
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The BMW model: simple macroeconomics for closed and open economies : a requiem for the IS/LM-AS/AD and the Mundell-Fleming model
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo - 2002
Persistent link: https://www.econbiz.de/10001702027
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The BMW model : a new framework for teaching monetary macroeconomics in closed and open economies
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo; … - 2002
Persistent link: https://www.econbiz.de/10001686534
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Monetary policy and exchange rate targeting in open economies
Bofinger, Peter; Wollmershäuser, Timo - 2000
Persistent link: https://www.econbiz.de/10001474156
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Managed floating : understanding the new international monetary order
Bofinger, Peter; Wollmershäuser, Timo - 2001
Persistent link: https://www.econbiz.de/10001596398
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Teaching new Keynesian open economy macroeconomics at the intermediate level
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo - In: The journal of economic education 40 (2009) 1, pp. 80-101
Persistent link: https://www.econbiz.de/10003858652
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The BMW model: simple macroeconomics for closed and open economies a requiem for the IS/LM-AS/AD and the Mundell-Fleming model
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo - 2002 - Rev. ed.
Persistent link: https://www.econbiz.de/10009232834
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Managed floating : understanding the new international monetary order
Bofinger, Peter; Wollmershäuser, Timo - 2001
Persistent link: https://www.econbiz.de/10009232841
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Monetary policy and exchange rate targeting in open economies
Bofinger, Peter; Wollmershäuser, Timo - 2000
Persistent link: https://www.econbiz.de/10009232862