The two-period monetary economy with flexible prices
Summary
Budget contraints. Fisher equation. Interest rate parity. Open market operations. Seigniorage and inflation tax. Money. Classical dichotomy. Temporary and permanent monetary expansions. The unpleasant monetarist arithmetic. Fiscal aspects of money. Nominal anchors. Exchange rate regimes. The operation of a fixed exchage rate regime.
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Topic
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Handout exercises
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Video lecture
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Solutions of exercises: 11.4; 11.5; 11.6; 11.7, 11.8.
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Access
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Deadline
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Other materials
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Quizzes
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Quiz 3 |
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Readings
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