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Policy

Beschreibung

Econ 101 Mindmap am Policy, erstellt von mjheg am 04/05/2013.
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Mindmap von mjheg, aktualisiert more than 1 year ago
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Erstellt von mjheg vor mehr als 11 Jahre
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Zusammenfassung der Ressource

Policy
  1. Monetary
    1. Expansionary
      1. Purchases
        1. - Lower Discount Rate
          1. - Lower Reserve Requirement
          2. T Bills (Short Term Maturity Bills)
        2. Contractory
          1. Sales
            1. + Raise Discount Rate
              1. + Raise Reserve Requirement
          2. SHORT TERM
            1. Quick to implement
            2. Fiscal
              1. To influence business cycle
                1. LONG TERM
                  1. Slow to implement
                    1. Expansionary
                      1. Lower taxes
                        1. Ricardian Equivalance

                          Anmerkungen:

                          • When people see that low taxes today may be raised tomorrow, they save tax cut. AD is not effected.
                          1. Increase Spending
                            1. Dems
                              1. Grows gov't
                              2. Response to real shocks

                                Anmerkungen:

                                • Can cause crowding out -There is little gov't can actually do to combat real shock
                            2. RECESSION
                            3. Contractory
                              1. Raise Taxes
                                1. Reduce Spending
                                  1. Repubs
                                    1. private sector
                                  2. Growth ABOVE Solow Model
                                  3. DOES NOT AFFECT SOLOW GROWTH MODEL!!!!!
                                  Zusammenfassung anzeigen Zusammenfassung ausblenden

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