• Bài giảng Money and Banking - Lecture 45Bài giảng Money and Banking - Lecture 45

    Review of the Previous Lecture • Long-run Aggregate Supply Curve • Equilibrium and Determination of Output and Inflation • Impact of Shift in Aggregate Demand on Output and Inflation • Impact of Inflation Shocks on Output and Inflation

    pdf26 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 768 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 44Bài giảng Money and Banking - Lecture 44

    The Long-Run Aggregate Supply Curve • In the long run the economy moves to the point where current output equals potential output, while inflation is determined by money growth • The long-run aggregate supply curve is vertical at the point where current output equals potential output.

    pdf29 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 867 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 43Bài giảng Money and Banking - Lecture 43

    Review of the Previous Lecture • Money growth, Inflation and Aggregate Demand • Long Run Real Interest Rate • Monetary Policy Reaction Curve • Aggregate Demand Curve • Shifts in Aggregate Demand

    pdf23 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 802 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 42Bài giảng Money and Banking - Lecture 42

    Review of the Previous Lecture • Money growth, Inflation and Aggregate Demand • Long Run Real Interest Rate • Monetary Policy Reaction Curve • Aggregate Demand Curve

    pdf22 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 778 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 41Bài giảng Money and Banking - Lecture 41

    Review of the Previous Lecture • Output and Inflation in the Long Run • Money growth, Inflation and Aggregate Demand • Monetary Policy and Real Interest Rate • Aggregate Demand and Real Interest Rate • Long Run Real Interest Rate

    pdf26 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 758 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 40Bài giảng Money and Banking - Lecture 40

    Review of the Previous Lecture • Monetary Aggregates • Equation of Exchange • Quantity Theory of Money • Demand for Money • Targeting Money growth in Low Inflation Environment • Output and inflation in the Long run

    pdf19 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 856 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 39Bài giảng Money and Banking - Lecture 39

    Review of the Previous Lecture • Monetary Aggregates • Equation of Exchange • MV = PY • Quantity Theory of Money • Facts about Velocity of Money • Demand for Money • Transactions Demand for money

    pdf14 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 790 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 38Bài giảng Money and Banking - Lecture 38

    The Facts about Velocity • Fisher’s logic led Milton Friedman to conclude that central banks should simply set money growth at a constant rate. • Policymakers should strive to ensure that the monetary aggregates grow at a rate equal to the rate of real growth plus the desired level of inflation.

    pdf22 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 828 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 37Bài giảng Money and Banking - Lecture 37

    Review of the Previous Lecture • Central Bank’s Monetary Policy Toolbox • Open Market Operations • Discount Lending • Reserve Requirements • Linking tools to Objectives

    pdf25 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 645 | Lượt tải: 0

  • Bài giảng Money and Banking - Lecture 36Bài giảng Money and Banking - Lecture 36

    Target Federal Funds Rate and Open Market Operation • The central bank chooses to control the federal funds rate by manipulating the quantity of reserves through open market operations: the central bank buys or sells securities to add or drain reserves as required.

    pdf16 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 664 | Lượt tải: 0