Dealing with Financial Crises: Deficits & Debt, and Fiscal vs. Monetary Policies
Topic Learning Outcome:
Core Concepts associated with this Topic: Central Bank; Inflation; Interest Rate Parity; Monetary Neutrality; Monetary Policy; Money Multiplier; Nominal Exchange Rate; Nominal GDP; Open Market Operations; Overnight Rate; Quantity Equation; Quantity Theory of Money; Real Exchange Rate; Real Interest Rate; Theory of Interest Rate Parity; Velocity of Money; Financial System.
Carleton: PADM 5223S Economic Policy in Canada
Gordon Thiessen, The Thiessen Lectures, Bank of Canada Monograph, 1 – 91. http://www.bankofcanada.ca/en/pdf/thiessen-eng-book.pdf
Bank of Canada, Monetary Policy Report, January 2010. http://www.bankofcanada.ca/en/mpr/pdf/2010/mpr210110.pdf
Bank of Canada, Financial System Review, December 2009. http://www.bankofcanada.ca/en/fsr/2009/fsr_1209.pdf
Sample Assessment Questions:
1.) What is monetary policy? What is the difference between monetary and fiscal policy?
2.) What is a central bank? What is the relationship between the central bank and the sitting government?
Page created by Sean Goertzen on 18 April 2015.