'Output gaps' presentation slideshows

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.

571 views • 37 slides

Frank & Bernanke 4 th edition, 2009

Frank & Bernanke 4 th edition, 2009. Ch. 10: Short-Term Economic Fluctuations. Definitions. Recession (or contraction): A period in which the economy is growing at a rate significantly below normal. Depression: A particularly severe or protracted recession.

487 views • 34 slides

Frank & Bernanke

Frank & Bernanke. Ch. 15: Inflation, Aggregate Demand, and Aggregate Supply. Output Gaps and Policies. AD > Y* => Expansionary Gap AD < Y* => Recessionary Gap Policies to eliminate gaps: Fiscal policies G increase/decrease T increase/decrease Monetary policies

466 views • 30 slides

Goals and Instruments Policy goals: Internal balance & External balance

LECTURES 7 & 8: POLICY INSTRUMENTS. Goals and Instruments Policy goals: Internal balance & External balance. Policy instruments. The Swan Diagram The principle of goals & instruments. Introduction of monetary policy The role of interest rates Monetary expansion

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Chapter 24

384 views • 26 slides

Frank & Bernanke

Frank & Bernanke. Ch. 12: Short-Term Economic Fluctuations: An Introduction. Recessions and Expansions. A person can drown in a lake of 3 ft average depth. An economy can go through spurts of fast growth and stagnation that will affect the people deeply.

348 views • 20 slides