PPT-Rethinking Macroeconomic Policy

Olivier Blanchard Giovanni DellAriccia Paolo Mauro Stockholm November 21 st 2011 The views in this presentation are those of the authors and do not necessarily represent those of the IMF. Mark . Weisbrot. , . Co-Director. Center for Economic and Policy Research. September . 24, . 2011 . Europe’s crisis, stagnation, and unemployment . are . not the result of unsustainable . borrowing. Others. Matthew . 7:1-6. The . judgmental . attitude. .. Avoid . a judgmental . attitude. .. Make . sure your . standard. is . consistent. .. Rethinking . Others. The judgmental . attitude. .. The judgmental . Junhui. Qian. Intermediate Macroeconomics. Content. Monetary Policy. Received . Principles. Science of Monetary Policy. Art of Monetary . Policy. Intermediate Macroeconomics. Received Principles of Monetary Policy. - Macroeconomic and Fiscal Framework . . Mario A. Gutierrez. Macroeconomic and Fiscal Expert. 1. Contents. Concept and Uses of a Macroeconomic Framework. Functional Relationships in Financial Programming: How it works. Flow of Funds concept.. KN . Murty. Professor (. Retd. .), School of Economics, University of Hyderabad. Currently:. Adjunct Faculty, CR Rao AIMSCS, HCU Campus, Hyderabad. Email: knmurty@yahoo.com. Introduction:. O. n . 8 November 2016, Prime Minister Sri Narendra Modi has announced the withdrawal of all currency notes of . International . Political Economy. Prof. Tyson Roberts. Balance of Payments (. BoP. ). Current account. Current account balance =. Current receipts – Current Expenditures. Current includes . Goods & services. Stabilization Policies and Their Effects. E. 2. Expansionary Fiscal Policy: Addressing Recessionary Gaps. Suppose a . negative demand shock . has caused a recession. . AD. 2. AD. 1. Aggregate . Price Level. Simon Neaime. Professor of Economics and Finance. Director, Institute of Financial Economics. American University of Beirut. IFE-FEMISE Conference: Unlocking . the Potential of the Private Sector in South Med Countries, AUB, BEIRUT, 5. Chapter 25. McGraw-Hill/Irwin. Copyright © . 2015 . by . McGraw-Hill Education (Asia). . All rights reserved.. Learning Objectives. Discuss the policy options available to the central bank in response to demand shocks and inflation shocks. © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password‐protected website for classroom use. Classical Economics. Focused on long run only. Short run effects, like changes in output, were unimportant. Awareness of business cycle, but no consensus on how to respond to it. Keynesian Economics. M. . Finkler. Lecture. Goals for Macro Stability. Keep inflation low enough to not affect decision making. Keep GDP close to GDP Potential. Dual Mandate – 1977 Congressional amendment to the Federal Reserve Act. african. research agenda. Dr. . Gilad Isaacs. Co-Director, Institute for Economic Justice. University of the Witwatersrand, South Africa. International Development Economics Associates. Conference on Work and well-being in the 21. . Mario A. Gutierrez. Macroeconomic and Fiscal Expert. 1. Contents. Concept and Uses of a Macroeconomic Framework. Functional Relationships in Financial Programming: How it works. Flow of Funds concept..