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7/26/2019 Ch26 Central Banking & Monetary Policy
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7/26/2019 Ch26 Central Banking & Monetary Policy
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Central Banking
&
Monetary Policy
Chapter 26
7/26/2019 Ch26 Central Banking & Monetary Policy
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7/26/2019 Ch26 Central Banking & Monetary Policy
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A Birds-Eye View of How Monetary
Policy Affects Output and Inflation
Chapter 26
Figure 26-1
7/26/2019 Ch26 Central Banking & Monetary Policy
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The Major Players in Monetary
Policy
Chapter 26
Figure 26-2
7/26/2019 Ch26 Central Banking & Monetary Policy
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While the Fed Ultimately Pursues Objectives like Stable
Prices, Its Short-Term Operations Focus on the
Intermediate Targets
Chapter 26
Figure 26-3
7/26/2019 Ch26 Central Banking & Monetary Policy
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Federal Reserve Determines
Federal Funds Rate
Chapter 26
Figure 26-4
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The Money Market
Chapter 26
Figure 26-5
7/26/2019 Ch26 Central Banking & Monetary Policy
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Changes in Monetary Policy or
Prices Affect Interest Rates
Chapter 26
Figure 26-6
7/26/2019 Ch26 Central Banking & Monetary Policy
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Central Bank determines the Money Supply,
Changing Interest Rates and Investment, Thereby
Affecting GDP
Chapter 26
Figure 26-7
7/26/2019 Ch26 Central Banking & Monetary Policy
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An Expansionary Monetary Policy Shifts AD
Curve to the Right, Raising Output and
Prices
Chapter 26
Figure 26-8
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Chapter 26
Table 26-1
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Chapter 26
Table 26-2a
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Chapter 26
Table 26-2b
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Chapter 26
Table 26-3