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Vorlesung kub 1 - PowerPoint PPT Presentation

1. Definitions and Fundamentals

t. 1. Definitions and Fundamentals. Business cycle = cyclical change in business activities. amplitude. length of phase. 1. U. van Suntum. KuB 1.1. U van Suntum, Vorlesung KuB 1.

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5. Monetaristic Theories and the Phillips Curve

5. Monetaristic Theories and the Phillips Curve. Exogenous shocks (mainly from Keynesian policy) Monetary amplifiers (v) Rules instead of discretion Flourished in 1970s and 1980s Today merged with new classical and Keynesian models.

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297 views • 15 slides

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Vorlesung kub 1 - PowerPoint PPT Presentation

1. Definitions and Fundamentals

5. Monetaristic Theories and the Phillips Curve