Brief Outline of Topics Covered in Lecture 13
Chapter 21 Output, Inflation, and Monetary Policy [cont.]
Equilibrium
- Changes in government spending and taxes
- Changes in monetary policy
Policy Effectiveness
- Changes in the responsiveness of investment to interest rates
- Changes in the MPC
- Changes in the reactionof the Fed to inflation
- Changes in the reactionof the Fed to output
Aggregate Demand and Aggregate Supply
Video:
Additional Reading:
- End Bonuses for Bankers - Nassim Taleb
- The Blooey Factor - Paul Krugman
- Bankruptcy of the Greek government vs California - Dani Rodrik
- The myth of financial innovation and the Great Moderation - Vox EU
- Remaining Risks in the Tri-Party Repo Market - Liberty Street
- Clear thinking about economic policy - Vox EU
- Plosser on Communications - Money Supply
- Fed’s Plosser: Wrong to Allow Inflation to Cut Unemployment - WSJ
- Looking Back at Four Years - Narayana Kocherlakota
- More Churn in Job Market Is Hopeful Sign - NYTimes.com
- Europe’s Darkness at Noon - Barry Eichengreen
- Can the Fed Stimulate Growth or Only Inflation? - Bruce Bartlett
