Chapter 6
The ISLM model in the open economy

 6.1 Demand for domestic goods vs. domestic demand: DD and ZZ curve
 6.2 Trade balance: net exports
 6.3 The IS curve in the open economy: real depreciation and trade balance

(c) by Christian Bauer
Prof. Dr. Christian Bauer
Chair of monetary economics
Trier University
D-54296 Trier
Tel.: +49 (0)651/201-2743