TAILIEUCHUNG - Knowledges macroeconomics (Eleventh edition): Part 2

(BQ) Continued part 1, the document Knowledges macroeconomics (Eleventh edition): Part 2 has contents: Monetary and fiscal policy, international linkages, consumption and saving, investment spending, advanced topics, international adjustment and interdependence, financial markets and asset prices,.ad other contents. Invite you to refer. | z Chapter 11 Monetary and Fiscal Policy CHAPTER HIGHLIGHTS Both fiscal and monetary policy can be used to stabilize the economy. The effect of fiscal policy is reduced by crowding out Increased government spending increases interest rates reducing investment and partially offsetting the initial expansion in aggregate demand. As illustrative polar cases In the case of the liquidity trap the LM curve is horizontal fiscal policy has its maximum strength and monetary policy is ineffective. In the classical case the LM curve is vertical fiscal policy has no effect on output and monetary policy has its maximum strength. CHAPTER MONETARY AND FISCAL POLICY 249 America s economy crashed in 2008. Figure 11-1 shows the movement of the unemployment rate and the federal funds rate the Fed s key interest rate during the end of the boom and through the Great Recession. As seen from Figure 11-1 the Federal Reserve drove the federal funds rate as low as the rate could go to stimulate the economy during the downturn. The rate fell from 5 percent in August 2007 to 2 percent in August 2008 to percent in August 2009. In addition the president and Congress enacted tax cuts and major new spending programs in early 2008. In this chapter we use the IS-LM model developed in Chapter 10 to show how monetary policy and fiscal policy work. These are the two main macroeconomic policy tools the government can call on to try to keep the economy growing at a reasonable rate with low inflation. They are also the policy tools the government uses to try to shorten recessions as in 1991 2001 and 2007-2009 and to prevent booms from getting out of hand. Fiscal policy has its initial impact in the goods market and monetary policy has its initial impact mainly in the assets markets. But because the goods and assets markets are closely interconnected both monetary and fiscal policies have effects on both the level of output and interest rates. Figure 11-2 .

• Kinh tế học
• Fiscal policy
• International linkages
• Investment spending
• Advanced topics
• International adjustment
• Financial markets
• Lecture Economics
• Environmental economics
• Discretionary fiscal policy
• Expansionary fiscal policy
• Contractionary fiscal policy
• Public trust
• Fiscal policy use
• Other determinants of fiscal policy use
• Monetary policy
• Environmental degradation
• Role of fiscal policy
• Monetary policy in environmental degradation
• National saving
• Emerging Asian economies
• Nonlinear effects of fiscal policy
• Fiscal policy on national saving
• Lecture Microeconomics
• Bài giảng Kinh tế vi mô
• Public economics
• Lecture Public economics
• Economic growth
• Passive fiscal policy
• Fiscal activism
• Fiscal deficits
• Multiple breaks
• Time varying cointegration
• Sustainability of Swedish fiscal policy
• Fiscal deficit sustainability
• Lecture Macroeconomics
• Kinh tế vĩ mô
• Economic theory
• Substantive issues
• Impacts of plan
• The fiscal policy influences
• Socioeconomic development
• Effectiveness of fiscal policy
• External debt
• Contributions from institutions
• Examined periods
• Empirical test on impact of monetary policy
• Fiscal policy on Vietnam stock market
• Vietnam stock market
• Utilizing Vector error correction model
• Monetary policy tools
• Lecture Economics for Managers
• Bài giảng Kinh tế học dành cho nhà quản lý
• Government spending
• Macro equilibrium
• Fiscal stimulus
• Bài giảng Kinh tế vĩ mô
• Wealth effect
• Interest rate effect
• Exchange rate effect
• Lecture Macroeconomics in context
• Public Budgets in Europe
• Policy Issues
• fiscal decentralization
• Sustainable economic growth
• Employing endogenous growth model
• Fiscal deficit
• Money supply
• Monetary policy formulation
• Fiscal deficits financing
• Short run are found
• Investment decision
• Economics for investment decision
• Business cycles
• Macroeconomic activity
• Macroeconomic environment
• Financial system
• Legislative mandates
• Bài tập tiếng Anh về kinh tế
• Bài tập kinh tế
• The influence of monetary
• Fiscal policy on aggregate demand
• Ảnh hưởng của tiền tệ
• Chính sách tài chính
• Principles of economics
• Lecture Principles of economics
• Market imperfections
• The international economy
• Short run equilibrium
• Economic principles
• Economic policies
• Economic problem
• Public debt
• Budget overspend
• VAR model
• Inflation in Vietnam
• Economic development
• Lecture International economic development
• International economic development
• Kinh tế phát triển
• Fiscal policy for development
• Kinh tế học
• Deriving the multiplier
• Summary Economics Doctor dissertation
• The transmission of fiscal policy
• Countries with trade relations to Vietnam
• GVAR model application
• Vietnamese economy