1 / 17

Modern Principles: Macroeconomics See the Invisible Hand: Understand Your World

Modern Principles: Macroeconomics See the Invisible Hand: Understand Your World. Tyler Cowen and Alex Tabarrok. Oops!. Housing Starts and Vacancies. The Great Recession and the Great Fall in AD. Solow growth curve. Inflation Rate ( p ). SRAS. 3%. -1%. Real GDP growth rate. -3%. 4%.

majed
Télécharger la présentation

Modern Principles: Macroeconomics See the Invisible Hand: Understand Your World

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Modern Principles: MacroeconomicsSee the Invisible Hand: Understand Your World Tyler Cowen and Alex Tabarrok

  2. Oops!

  3. Housing Starts and Vacancies

  4. The Great Recession and the Great Fall in AD Solow growth curve Inflation Rate (p) SRAS 3% -1% Real GDP growth rate -3% 4%

  5. Growth of Shadow Banking

  6. The Negative Real Shock Dilemma New Solow growth curve Inflation rate (π) AD (M + v = 5%) New SRAS Old SRAS Old Solow growth curve c 16% → M AD (M + v = 15%) b 8% → → Real shock a → → -1% -3% 3% Real GDP growth rate

  7. Modern Principles: MacroeconomicsSee the Invisible Hand: Understand Your World Tyler Cowen and Alex Tabarrok

More Related