Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth...
-
date post
20-Dec-2015 -
Category
Documents
-
view
222 -
download
0
Transcript of Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth...
![Page 1: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/1.jpg)
Chapter 4. Money .
Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition
Homework p. 100, # 2, 4
Link to syllabus
![Page 2: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/2.jpg)
Table 4-1 p. 86. The Measures of Money
![Page 3: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/3.jpg)
![Page 4: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/4.jpg)
![Page 5: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/5.jpg)
The Federal Reserve System. Other Text
![Page 6: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/6.jpg)
OMC Meeting (early 2012?)
![Page 7: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/7.jpg)
Open Market Committee Seating
![Page 8: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/8.jpg)
RollerCoaster joke
![Page 9: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/9.jpg)
GreenspanJoke
![Page 10: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/10.jpg)
The Monetary Base and the Money Supply. (intro text)
![Page 11: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/11.jpg)
How Banks Create Money. (Intro text)New Loans Total(this Newstage) Loans
900 900
810 1,710
Fourth stage 729 2,629 3,439 729 2 ,439
![Page 12: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/12.jpg)
Reserve Requirements, US, 2006. (different intro text).
If reserve requirements are small, the money multiplier is large – except that people keep cash.
![Page 13: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/13.jpg)
Figure 4-1, p. 95 Quantitative Easing
Point is that the increase in the monetary base has not led to highermoney supply, nor to inflation, because banks have accumulated excess reserves, because private sector hasn’t borrowed.
![Page 14: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/14.jpg)
Source: Fed of St. Louis: Monetary Trends (Sept. 2012)
Excess Reserves
![Page 15: Chapter 4. Money. Parts of Chapter 4 in the previous edition are now in Chapter 5 of the eighth edition Homework p. 100, # 2, 4 Link to syllabussyllabus.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649d4e5503460f94a2e61c/html5/thumbnails/15.jpg)
Table 4.2 p. 97 The Money Supply and its Determinants,
1929 and 1933.