The Federal Reserve System Chapter 14 Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
ECO102 Principles of Macroeconomics Problem Session-3 by Research Assistant Serkan Değirmenci 29.03.2012.
ECON 100 Tutorial: Week 23 [email protected] office hours: 2:00PM to 3:00PM tuesdays LUMS C85.
Banking and the Endogenous Money Supply as viewed from a Post Keynesian perspective ÁNGEL GARCÍA University of Siena, Pontignano Meeting 29-06-2006, Siena,
Ch 13 6. Measure of Value – same as Unit of Account; agreed to measure for stating prices of goods and services Ch 14 6. Money (Monetary) multiplier Ch.
Review of the previous lecture 1. Fractional reserve banking creates money because each dollar of reserves generates many dollars of demand deposits. 2.The.
© 2012 Pearson Education, Inc. Publishing as Prentice Hall 1 of 46 Our model of how the money supply is determined includes three actors: 1.The Federal.
Macroeconomics fifth edition N. Gregory Mankiw PowerPoint ® Slides by Ron Cronovich macro © 2002 Worth Publishers, all rights reserved CHAPTER EIGHTEEN.
On the Liquidation of Government Debt under A Debt-Free Money System - Modeling the American Monetary Act- Prof. Kaoru Yamaguchi, Ph.D. Doshisha Business.
Aim: What is Money? Money a concept – an idea we have of something that allows us to recognize specific examples of it.
33 Interest Rates and Monetary Policy McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
The Goods Market, Money, and Foreign Exchange The Linkages.