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