'Monetary policy rule' diaporamas de présentation

Evaluating an estimated new Keynesian small open economy model

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Aggregate Demand and Aggregate Supply ?????????

Aggregate Demand and Aggregate Supply ?????????. Recall: Goods Market (Planned Aggregate Expenditure; Aggregate Demand). Y = PAE. PAE = C + I p + G + NX. Planned aggregate expenditure (PAE). 45 o. Output (Y). ???????????. Y*. Recall: Money Market (Money Supply and Money Demand). MS.

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MODULE 34 Inflation and Unemployment: The Phillips Curve

MODULE 34 Inflation and Unemployment: The Phillips Curve. What the Phillips curve is and the nature of the short-run trade-off between inflation and unemployment Why there is no long-run trade-off between inflation and unemployment

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Monetary Policy

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Chapter Eighteen

Chapter Eighteen. Rules for Monetary Policy. Rules for Monetary Policy. If monetary policy were predictable, people and businesses could make better informed decisions A rule for monetary policy is a systematic setting of policy according to a formula

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The full dynamic short-run model

The full dynamic short-run model. The Dynamic Model. A nice new addition to Mankiw. Combines - IS - LM (changed to reflect central bank targeting) - Phillips curve Closed economy Short-run of business cycles Keynesian rather than classical. Monetary policy rule. Taylor rule:

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Lucas Critique and the Essence of New Classical Approach: Rational expectation

Lucas Critique and the Essence of New Classical Approach: Rational expectation . There are five essential features in a New Classical model. Aggregate Supply and Technology Shock.

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