Slide 1 Issues in monetary and fiscal policy In this lecture we will use our economic models to study some important issues in the use of monetary and fiscal policy. For…
Slide 1 Fiscal Policy Slide 2 Slide 3 Slide 4 Slide 5 Can you run a deficit every year? Slide 6 If then Debt-to-GDP ratio stays stable. If > then deficit is “unsustainable”…
Israel 1983: A Bout of Unpleasant Monetarist Arithmetic Thomas J. Sargent New York University and Hoover Institution Joseph Zeira The Hebrew University of Jerusalem and CEPR…
ECB and Inflation What tries Mr. Monti to do concerning inflation? * F. Girod – PLA 12 (2010) Policy strategy of the ECB * F. Girod – PLA 12 (2010) Transmission process…
ECO 481: Public Choice Theory The Failure of Democracy & Voting Rules Dr. Dennis Foster The Nature of the Polity 4 (self-interested) groups: Elected officials - want…
Slide 1 Review of the previous lecture Money the stock of assets used for transactions serves as a medium of exchange, store of value, and unit of account. Commodity money…
Chapter Twenty-One Macroeconomics of Development and Transition Chapter Twenty-One Outline Introduction Development and the Macroeconomy Transition and the Macroeconomy Introduction…
Slide 1 Review of the previous lecture Money the stock of assets used for transactions serves as a medium of exchange, store of value, and unit of account. Commodity money…
10/23/10 5:46 PMThis Is Indeed a Gloomy Day: Department of Macroeconomic Policy - Grasping Reality with Both Hands Page 1 of 8http://delong.typepad.com/sdj/2010/08/this-is-indeed-a-gloomy-day-department-of-macroeconomic-policy.html…