EPPE6024: Macroeconomics Lecture 5: Monetary Policy 5.1 Introduction • The CB behaviour can be thought about in terms of a u
![2.3 IS-PC-MR model revisited “Workhorse of modern monetary macroeconomists” – IS: y – y e = -a(r – r s ) (AD –ve rels r and y) – PC: π E = π -1 + α(y – - ppt download 2.3 IS-PC-MR model revisited “Workhorse of modern monetary macroeconomists” – IS: y – y e = -a(r – r s ) (AD –ve rels r and y) – PC: π E = π -1 + α(y – - ppt download](https://images.slideplayer.com/35/10369230/slides/slide_11.jpg)
2.3 IS-PC-MR model revisited “Workhorse of modern monetary macroeconomists” – IS: y – y e = -a(r – r s ) (AD –ve rels r and y) – PC: π E = π -1 + α(y – - ppt download
EPPE6024: Macroeconomics Lecture 5: Monetary Policy 5.1 Introduction • The CB behaviour can be thought about in terms of a u
EPPE6024: Macroeconomics Lecture 5: Monetary Policy 5.1 Introduction • The CB behaviour can be thought about in terms of a u
![SOLVED: The 3-equation model (IS-PC-MR) from Carlin, W. and Soskice, D., 2006. Macroeconomics: imperfections, institutions, and policies. SOLVED: The 3-equation model (IS-PC-MR) from Carlin, W. and Soskice, D., 2006. Macroeconomics: imperfections, institutions, and policies.](https://cdn.numerade.com/ask_images/0e4ddcf4bba6470d8f3fef42475b9e14.jpg)