Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
21 Cards in this Set
- Front
- Back
What is the M1 growth and inflation relationship in SR and MR? |
|
|
Divine coincidence |
|
|
Show the divine coincidence using the Phillips curve |
|
|
Flexible inflation targeting |
|
|
Taylor Rule |
|
|
Taylor rule interpretations |
|
|
Optimal inflation rate |
|
|
What are the main costs of inflation? |
|
|
Inflation variability (+implications) |
|
|
Money Illusion |
|
|
Shoe-leather costs |
|
|
Tax distortion |
|
|
What are the benefits of inflation? |
|
|
Seigniorage |
|
|
How can money Illusion be used to prevent firms from going bankrupt? |
|
|
How does inflation affect the ZLB? |
|
|
Explain quantitative easing and how is it financed? |
|
|
Lender of last resort |
|
|
Macroprudential tools |
|
|
Macroprudential tools aimed at borrowers |
|
|
Macroprudential tools aimed at lenders |
|