TAILIEUCHUNG - Lecture Money, banking, and financial markets (3/e): Chapter 22 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 22 - Understanding business cycle fluctuations. In this chapter we will: Catalogue the various reasons that the dynamic aggregate demand curve and the aggregate supply curve shift; examine what happens during the transition as the economy moves to long-run equilibrium. use the model to understand how central bankers work to achieve their stabilization objectives. | Chapter Twenty-Two 22- Introduction While the economy can and does move away from long-run equilibrium, it has a natural self-correcting mechanism. It returns it to the point where resources are being used at their normal rates and Gaps between current and potential output disappear. 22- Introduction Why is it that output and inflation vary from quarter to quarter and year to year? What determines the extent of the fluctuations? Figure illustrates the long-run trends in the . inflation rate over the past 50 years. It also displays a series of shaded bars representing recessions. 22- Introduction While there is no apparent relationship between the level of inflation and these recessions, it does appear that the inflation rate: Falls when the economy is contracting. Rises when it is expanding. At least that is what happens most of the time. But in general there appears to be a connection between growth and changes in inflation. 22- Introduction .

• Ngân hàng - Tín dụng
• Financial markets
• Financial system
• Financial institutions
• Central banks
• Monetary policy
• Business cycle fluctuations
• 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