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Inflation, Activity, and Nominal Money Growth

Inflation, Activity, and Nominal Money Growth. The Volcker Disinflation . In October 1979, the Fed, under Paul Volcker, decided to reduce nominal money growth and decrease inflation, then close to 14% per year. Five years later, after a deep recession, inflation was down to 4% per year.

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1.46k views • 105 slides

Lessons from Systemic Financial Crises

Lessons from Systemic Financial Crises Guillermo Calvo Columbia University India Policy Forum 2009. Sponsored by NCAER and The Brookings Institution. New Delhi, July 14-15, 2009 Sudden Stop, SS

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814 views • 37 slides

Chapter Topics

Chapter Topics. Aggregate Output The Other Major Macroeconomic Variables. Aggregate Output. Aggregate Output (national income and product accounts, or NIPA). Gross Domestic Product (GDP) The value of the final goods and services produced in an economy during a given period

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404 views • 29 slides

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High output growth - PowerPoint PPT Presentation

Inflation, Activity, and Nominal Money Growth

Lessons from Systemic Financial Crises

Chapter Topics