Chapter 8 Monetary policy 美联储
Chapter 8 Monetary Policy
8. 1 Definition of Monetary policy Government policy concerning money and credit conditions, especially the rate of growth in the money supply and the level of interest rates
8.1 Definition of Monetary Policy Government policy concerning money and credit conditions, especially the rate of growth in the money supply and the level of interest rates
Monetary policy include three aspects objectives oI polIc tools to realize the objectives o the anticipated effects of policy
Monetary policy include three aspects: vobjectives of policy vtools to realize the objectives vthe anticipated effects of policy
8.2 Goals of monetary policy 8.2. 1 full employment )As the primary goal of monetary policy, full employment is generally defined as meaning that jobs are readily available on reasonable terms for all who able and willing to work Full employment does not mean that there is no unemployment
8.2 Goals of Monetary Policy 8.2.1 full employment ØAs the primary goal of monetary policy, full employment is generally defined as meaning that jobs are readily available on reasonable terms for all who able and willing to work. ØFull employment does not mean that there is no unemployment
frictional unemployment unemployment rate(失业人数与是意就业 的劳动力之比)
frictional unemployment unemployment rate(失业人数与愿意就业 的劳动力之比)