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November 29, 2007
Open Economy Macro II
Posted by bparke at 11:23 PM | Comments (0)
November 27, 2007
Open Economy Macro I
Posted by bparke at 11:22 PM | Comments (0)
November 20, 2007
Midterm 2 Answers
Posted by bparke at 05:34 PM | Comments (0)
November 13, 2007
Q & A
Simple crowding out:
Crowding out in the context of an IS/LM Model:
Posted by bparke at 10:00 PM | Comments (0)
November 08, 2007
Monetary Policy
An increase in the money supply causes an increase in the price level, which partially erodes the increase in the real money supply.
Posted by bparke at 10:21 PM | Comments (0)
November 06, 2007
The Phillips Curve
Two views of business cycles:
The actual data:
The natural rate interpretation of the 1970s data:
The real business cycles interpretation of the 1970s data:
Posted by bparke at 10:06 PM | Comments (0)
November 01, 2007
Monetarism
Posted by bparke at 04:24 PM | Comments (0)