The Global Economy and Policy Trends
Explore the dynamics of the global economy and policy landscape through figures, tables, and diagrams covering aspects such as trade, balance of payments, foreign exchange markets, and monetary policy impacts on GDP in an open economy. Gain insights into key trends and relationships shaping the international economic scenario.
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Presentation Transcript
Chapter 13 The Global Economy and Policy
Figure 13.1 Trade Expressed as a Percentage of Production, World and United States, 1970 2020 Source: World Development Indicators, World Bank, 2021.
Figure 13.2 Top Purchasers of Goods from the United States and Suppliers of Goods to the United States, 2021 Source: U.S. Census Bureau, Foreign Trade Statistics, Top Trading Partners, 2021.
Figure 13.3 Leakages and Injections in a Complete Macroeconomic Model
Table 13.1:U.S. Balance of Payments Account, 2020 (billions of dollars) Source: U.S. Bureau of Economic Analysis, U.S. International Transactions Accounts Data, Table 1, with rearrangements and simplifications by authors.
Figure 13.6 U.S. Imports and Exports of Goods and Services, 1960 2020 Source: BEA NIPA Tables 4.1 and 1.1.5, 2021
Diagram 13.1: The Impact of Expansionary Monetary Policy on GDP in an Open Economy
Figure 13.7 Foreign Exchange Intervention
