Page 272 - DECO402_MACROECONOMIC_THEORY_PUNJABI

smStI ArQSwsqr dy isDWq

È؇ 6. jdo modirk nIqI dy mwiDAm nwl ibAwj dr v`DweI jWdI hY qW ieh GrylU invyS iv`c ilAwvygI -
(a) G`t (A) v`Dw
(e) qtsQqw (s) iedy iv`co koeI nhI[

mMfl dy mofl dI AwlocnwvW (Criticism of Mundel’s Model)

pr ies ivSlySx dI keI kimpW hn –
1. Avwsqivk minAwqwvW (Unrealistic Assumptions) – ieh mofl mwndw hY ik AiDkwrI as sImW ƒ
jwxdy hn ijs qy ArQ ivvsQw AWqirk Aqy bwhrI dovy sMqulnW qo dUr huMdI hY qwik shI modirk Aqy rwjkoSIX
nIqI pRXog kIqI jw sky[ ieh vI pwihlW qo mMn ilqw jWdw hY ik auh mwqrwqmk pirxwm jwxdy hn jyVy hr
nIqI dy pRXog nwl sMBwivq huMdy hn[ ieh dovy mwinAwqwvW hikk`q qo dur hY, qwik AsMquln dI sryxI dw TIk
TIk Anumwx lgwxw Awswn nhI hY[ iesleI nIqI bdlwv ies qrW dy AsMquln dy leI TIk nhI ho skdy hY[
2. byrojgwrI Aqy sPIiq dI AndyKI (Overlook of Unemployment and Inflation) – ieh ivSlySx
byrojgwrI Aqy sPIiq dI AndyKI krdw hY[ ieh hikk`q nhI hY ikauik ieh Dwrxw jyVI stYgPlySn nW qo jwxI
jWdI hY, Aqy swryy ivkisq dySW iv`c pweI jWdI hY[
3. hor GtkW dI ApyXw (Neglect of Other Factors) – ieh ivSlySx puMjI giqAW dy kwrx dy rup iv`c
isrP ibAwj drW dy AMqr qy ivcwr krdw hY Aqy hor GtkW ijvy ivinmX dr bdlwvW dI EupySw krdw hY[ iedy
Alwvw ieh sMbv nhI hY ik lgwqr Gw`ty ƒ puMjI giqAW dy rwhI iv`c aplbD krieAW jWdw hY[ iedy Awlwvw
ieh sMbv nhI hY ik lgwqwr Gw`ty ƒ puMjI giqAW dy rwhI ivq aplbD krwieAW jw sky[
4. modirk Aqy rwjkoSIX nIiqAW dw ivvhwirk AvroD (Practical Constraints of Monetary and Fiscal
Policies) - modirk Aqy rwjkoSIX nIiqAW inSicq ivvhwirk AvroDW dy iv`ckwl kMm krdI hY[ rwjnIiqk
kwrxW qo kuJ srkwrW pRiqbMDwqmk rwjkoSIX nIqI Aqy au`c ibAwj drW vwlI modirk nIqI dw pwln nhI
kr pWdI[ hlWik ieho ijhI nIiqAW Suru kIqI jw skdI hY, auh sPl nhI ho pWdI, ikauik puMjI pRvwh ibAwj
sMvydnSIl nhI ho skdy hY[

5. AsPl inXq nIqI imSrx (Unsuccessful Prescribed Policy Mix) – inXq nIqI imSrx cwlU
lyKw Gw`ty ƒ TIk krx iv`c sPl nhI ho skdw ikauik nIqI imSrx puMjI p@vwho Aqy AwXwqo donW ƒ pRBwivq
krdw hY, iesleI ieh isrP ienW suinSicq krdw hY ik irxwqmk vpwr sMquln DMnwqmk puMjI pRvwh rwhI
SqIpurqI huMdw hY Aqy iblomS vI[

‡≈√’ mMfl mofl dy ivSW qy Apxy ivcwr pyS kro[

6. XQwrQ smwXojn qMqr nhI (Not True Adjustment Mechanism) – modirk-rwjkoSIX imSrx XQwrQ
smwXojn qMqr nhI hY[ ieh Bugqwn smwXojn dw smwXojn nhI krdw blik isrP iesƒ siQr krdw hY[ puMjI
pRvwh kImqW Aqy Awmdn ƒ ibnw bdlwv qy C`fky ivdySI ivinmX dI Awp mMg Aqy purqI dy iv`c AMqrwl ƒ
purw krdw hY[
7. krz-syvw jrUrqW qy ivcwr nhI (No Consideration on the Debt-Servicing Requirements) –
ieh ivSlySx krz-syvW jrUrqW qy ivcwr nhI krdw ikauik jdo GrylU ibAwj dr v`DweI jWdI hY qW lgwqwr
puMjI pRvwh Bugqwn sMquln dI cwlU lyKw qy hovygw[
8. GrylU invyS iv`c kMmI (Decrease in Investment at Home) – jdo modirk nIqI dy mwiDAm nwl ibAwj
dr v`DweI jWdI hY qW ieh GrylU invyS iv`c kMmI lwvygI[ ieh jW qW srkwrI Krc iv`c viriD hrws rwhI jW
kr ktoiqAW rwhI jW donW dy iksy sMXog rwhI jrUr nwl hoxI cwihdI hY[ ieho ijhw modirk-rwjkoiSX nIqI

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