Lecture Money, banking, and financial markets: Chapter 22 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: 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.