central banking and monetary policy chapter 7 matakuliah: f0882 - economic analysis tahun: 2009
TRANSCRIPT
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CENTRAL BANKING AND MONETARY POLICY
Chapter 7
Matakuliah : F0882 - Economic AnalysisTahun : 2009
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Bina Nusantara University 3
Learning Outcomes
• Central Banking and the Federal Reserve System
• The Effect of Money on Output and Prices
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A Bird’s-Eye View of How Monetary Policy Affects Output and Inflation
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The Major Players in Monetary Policy
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While the Fed Ultimately Pursues Objectives like Stable Prices, Its Short-
Term Operations Focus on the Intermediate Targets
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Federal Reserve Determines Federal Funds Rate
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The Money Market
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Changes in Monetary Policy or Prices Affect Interest Rates
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Central Bank determines the Money Supply, Changing Interest Rates and Investment, Thereby Affecting GDP
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An Expansionary Monetary Policy Shifts AD Curve to the Right, Raising Output and
Prices
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