Slide 1The New IS-LM Microfoundations allow to –Address the Lucas critique –Perform welfare analysis –Integrate intertemporal budget constraints and expectations. The…

Slide 1Why would China NOT have Liquidity Trap Under Conflicted Virtue? Shuang Ni Yuze Chen Zidao Wang Slide 2 Conflicted Virtue  Any international creditor country that…

Slide 1Volatility and crisis in catching up economies: industrial path-through under the stickiness of technological capabilities “The Red Queen Effect”. Mario Cimoli…

Slide 1ECONOMIC POLICY Part. I, Unit 4 From the Monetarism to the “New Keynesian Economics” Slide 2 Milton Friedman (1912  2006) was one of the most influential economists…

Slide 1 Monetary Policy Simulation Game Yvan Lengwiler WWZ, Economic Theory University of Basel, Switzerland Slide 2 Learning aim MoPoS is a computer game that allows the…

Slide 1 Fiscal and Monetary Policy Slide 2 Global Unemployment Approximately 14 million Americans are jobless 21 percent of Spanish workers are unemployed O.E.C.D. on high…

Slide 1 CHAPTERS IN ECONOMIC POLICY Part. I Unit 4 From the Monetarism to the “New Keynesian Economics” Slide 2 Milton Friedman (1912  2006) was one of the most influential…

Slide 1 Slide 2 Outline: How does the Fed change the interest rate? The monetary “transmission mechanism” Potential breakdowns of the transmission mechanism. Brief review…