Slide 1Chapter 10 Money, Interest, and Income Slide 2 10-2 Introduction Money plays a central role in the determination of income and employment Interest rates are a significant…
1. Macroeconomic Theory and Stabilization Policy Prof. Dr. Surajit Sinha Department of Humanities and Social Sciences Indian Institute of Technology, Kanpur Lecture – 13…
Existing Theories of Exchange Rate Determination We have seen that existing studies have produced a number of different estimates of the exchange rate of the…
XII. Keynesian stabilization in an open economy XII. 1 Aggregate demand in the short run Net export and real ExR In the short-run, export depends on foreign demand and real…