Slides prepared by Thomas Bishop Chapter 15 Price Levels and the Exchange Rate in the Long Run.
MACROECONOMICS © 2011 Worth Publishers, all rights reserved S E V E N T H E D I T I O N PowerPoint ® Slides by Ron Cronovich N. Gregory Mankiw C H A P.
Review of the previous Lecture Macroeconomics is the study of the economy as a whole, including growth in incomes changes in the overall level of prices.
1.The Fed can control the money supply with open market operations the reserve requirement the discount rate 2.Portfolio theories of money demand.
1 Economic Models and Economic Policies Nico van der Windt 5 December 2005.
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 15-1 Preview Law of one price Purchasing power parity Long run model of exchange rates: monetary.
Economic Models and Economic Policies
12-1 Issue 14 – Determination of exchange rates Extracted from Krugman and Obstfeld – International Economics ECON3315 International Economic Issues Instructor:
ch15
Review of the previous lecture
Review of the previous Lecture
