An Equilibrium Model with Applications for Some of the Asian and Australia-Oceania Countries - Part One

Abstract

The model presented in this article is an adaptation of the IS-LM model for an open economy in which we
took into account the temporal variable to more accurately determine the equilibrium levels of the macroeconomic
indicators. We analyzed the periods during which the values of the indicators exceeded the level of equilibrium and we
identified the possible causes that led to these situations.