Marcus Fleming

Marcus Fleming was an economist known for developing the IS-LM model, which explains how a country’s interest rates and economic output interact. His work shows that in a small open economy, the exchange rate also influences economic activity. The model illustrates how government policies, like adjusting interest rates or currency policies, impact growth and inflation. Fleming's insights help policymakers understand how to balance internal economic conditions with international factors, offering a framework for making informed decisions about monetary and fiscal policy in a global context.