TAILIEUCHUNG - Lecture Money, banking, and financial markets: Chapter 21 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 21 - Output, inflation, and monetary policy. The objective of this chapter is to understand fluctuations in inflation and real output and how central banks use conventional interest-rate policy to stabilize them. We will develop a macroeconomic model of fluctuations in the business cycle in which monetary policy plays a central role. | Chapter Twenty-One 21- Introduction An important part of economic analysis is speculation about the impact of the new data on monetary policy. The FOMC in the . and the Governing Council in the Euro area always tie their policy actions to current and expected future economic conditions. Traders are trying to out-guess each other to make a profit by betting on what the next interest rate move will be. The rest of us are just hoping the central bank will succeed in keeping inflation low and real growth high. 21- Introduction The objective of this chapter is to understand fluctuations in inflation and real output and how central banks use conventional interest-rate policy to stabilize them. We will develop a macroeconomic model of fluctuations in the business cycle in which monetary policy plays a central role. 21- Introduction We will see that short-run movements in inflation and output can arise from two sources: Shifts in the quantity of aggregate output .

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• Financial markets
• Financial system
• Financial institutions
• Central banks
• Monetary policy
• Bond prices
• Lecture Financial markets
• Thị trường tài chính
• Financial futures markets
• Valuation of financial futures
• Interest rate futures
• Lecture Financial markets and institutions
• Financial institutions markets
• Capital markets
• Money markets
• Derivative securities markets
• Futures markets
• Option markets
• Swap markets
• Foreign exchange derivative markets
• Bank management
• Types of Financial Markets
• Securities traded
• Valuation of securities
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Commercial banks
• Financial statements
• Risks at financial institutions
• Market risk
• Exchange rates
• Economics 252
• Efficient markets
• Excess volatility
• Efficient Markets Hypothesis
• Interest rate derivative markets
• Interest rate swaps
• Mortgage backed securities
• Globalization of mortgage markets
• Financial markets and institutions
• The financial system
• Interest rates change
• Financial markets efficient
• Term structure affect interest rates
• The stock market
• The mortgage markets
• The international financial system
• Financial regulation
• Interest rate fundamentals
• Interest rates
• Security valuation