macro economics chapter11.pptVIP

Chapter 11 Monetary policy Learning objectives Discuss the objectives of monetary policy Describe the roles of the participating institutions and the route by which monetary policy affects the operation of the economy Examine the balance sheet of the Reserve Bank of Australia, through which monetary policy is largely implemented Learning objectives (cont.) Analyse the techniques of monetary policy — the major instruments and how they function Discuss the cause–effect chain through which monetary policy functions and evaluate its effectiveness Using the aggregate demand–aggregate supply