100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Chapter 12 notes CA$11.79
Add to cart

Summary

Summary Chapter 12 notes

 14 views  0 purchase

Its notes for Chapter 12 of "macroeconomics" by Williamson

Preview 1 out of 1  pages

  • No
  • Chapter 12
  • December 13, 2022
  • 1
  • 2018/2019
  • Summary
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (3)
avatar-seller
princeyork
Chapter 12 : A Monetary Intertemporal Model

Neutrality of Money : A one time change in money supply that has no consequence for consumption,
investment, output, employment, interest rate, and economic welfare. It can have a proportional effect
on the change in price levels.

Money has 3 Functions :

1.) Medium of exchange
2.) Store of value
3.) Unit of account

How the Government Performs a One Time Money Supply Increase

1.) Helicopter Drop (Decrease taxes)
2.) Open Market Operation
3.) Seigniorage or Inflation Tax

What causes shifts in credit card service demand

1.) New information technology lowering the cost for consumers to access bank accounts
2.) A change in Government regulations
3.) A change in the perceived riskiness of Banks
4.) Changes in the hour to hour, day to day, week to week circumstances in the banking system

The Modern Era of Monetary Policy in Canada begins in the mid 1970s when the Bank of Canada
adopted Monetarist Policies (i.e. - inspirations by Milton Friedman, and others). The perspective is
this : The Central Bank should control Price Level and Inflation, and the best way to accomplish this is
to set a growth rate target in the money supply.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller princeyork. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$11.79. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$11.79
  • (0)
Add to cart
Added