Brief Outline of Topics Covered in Lecture 14
Chapter 21 Output, Inflation, and Monetary Policy [cont.]
Policy Effectiveness
- Changes in the responsiveness of investment to interest rates
- Changes in the MPC
- Changes in the reaction of the Fed to inflation
- Changes in the reaction of the Fed to output
Aggregate Demand and Aggregate Supply
- Shifts in AD
- Slope of AD
- SRAS
- Shifts in SRAS
- LRAS
- Shifts in LRAS
Equlibrium
Video:
Additional Reading:
- College Tuition, Student Loans, and Unemployment - James Surowiecki
- Was Napster the day the music died? - Joel Waldfogel
- Greece, Italy, and financial stability - Econbrowser
- Is America following Japan? - The Economist
- Should economists be “imagineers” of our future? - Reuters
- Grade Inflation and Choice of Major - Tim Taylor
- The Evolution of Federal Debt Ceilings - Liberty Street
- Middle-Class Neighborhoods Shrinking - NYTimes.com
- American Migration Reaches Record Low - NYTimes.com
- Fed’s Evans Seeks To ‘Take New Chances’ on Monetary Policy - WSJ
- The Federal Reserve's Dual Mandate - FRB Chicago
- Entrepreneurship and inequality - Digitopoly
- Some Unpleasant Fisherian Arithmetic - Uneasy Money
- Exports in the Recovery (II) - Econbrowser
