Thank you for watching the video and for leaving your comments. If you are interested in more videos on Intermediate Macroeconomics, the full lecture can be found here: The Goods Market: th-cam.com/video/jgfSE6jAXWM/w-d-xo.html The Multiplier Effect: th-cam.com/video/9eeBixxQa_o/w-d-xo.html The IS Curve: th-cam.com/video/g6aba0V6ifo/w-d-xo.html Movements Along the Curve or Shifts of the Curve: th-cam.com/video/LR5S4xL0DJE/w-d-xo.html The Money Market: th-cam.com/video/I2iUZVoKkm0/w-d-xo.html The LM Curve: th-cam.com/video/A5jV_0ZIRU4/w-d-xo.html The IS-LM Model: th-cam.com/video/e_3clidGpfE/w-d-xo.html The Labor Market: th-cam.com/video/r8qRf_kIeek/w-d-xo.html The Phillips Curve: th-cam.com/video/c55Gz1oKr7w/w-d-xo.html The IS-LM-PC Model: th-cam.com/video/7zvc1ECNHAo/w-d-xo.html Exchange Rates: th-cam.com/video/QKf7fQCjfVY/w-d-xo.html Purchasing Power Parity: th-cam.com/video/00H3hXF85Ns/w-d-xo.html Interest Rate Parity: th-cam.com/video/_LVPhfBBGNs/w-d-xo.html Goods Market in the Open Economy: th-cam.com/video/CS-fjsU4XBQ/w-d-xo.html Fiscal Policy and the Multiplier in the Open Economy: th-cam.com/video/w5agukcULuo/w-d-xo.html Open Economy: Effects of Increases in Foreign Demand: th-cam.com/video/fCzqV8KEFhw/w-d-xo.html Open Economy: Effects of a Currency Depreciation: th-cam.com/video/zTza0XO-52Q/w-d-xo.html Reducing the Trade Deficit: th-cam.com/video/S5Mv-WC6iNk/w-d-xo.html The Marshall-Lerner Condition: th-cam.com/video/Yw3Y74DEge8/w-d-xo.html The Mundell-Fleming Model: th-cam.com/video/yRefsZdU1No/w-d-xo.html The Solow Model: th-cam.com/video/t8Q-2P0P3E4/w-d-xo.html The Solow Model with Technological Progress: th-cam.com/video/sP_eQoPMAKg/w-d-xo.html
At first i was mad that even this model felt like it had it's shortcomings, but now i see we get to a much more complex version of this model at the end of the macroeconomics playlist, i was missing inflation targeting in this one but I think it could easily be implemented by changing Inflation_t - Inflation_t-1 to Inflation_t - Target_t --> Inflation below target implies an output gap and interest rates above r* the CB should lower rates to reach Y* How would a pure Price shock be modelled? Like Oil price shock, fully exogenous --> shift PC inward? Feedback appreciated
Yes, an oil price shock would be modeled as a shift of the PC curve. Regarding inflation targetting, the model is consistent with it as central banks could set interest in a way to get the target inflation rate. This is modeled more explicitly in the New Keynesian model (in the Taylor rule), the videos of which you can find here: th-cam.com/video/aQaMSYwmYOs/w-d-xo.html th-cam.com/video/j048K_yb3h8/w-d-xo.html th-cam.com/video/uUcp4csjNrg/w-d-xo.html I hope this is helpful.
Thank you for watching the video and for leaving your comments. If you are interested in more videos on Intermediate Macroeconomics, the full lecture can be found here:
The Goods Market: th-cam.com/video/jgfSE6jAXWM/w-d-xo.html
The Multiplier Effect: th-cam.com/video/9eeBixxQa_o/w-d-xo.html
The IS Curve: th-cam.com/video/g6aba0V6ifo/w-d-xo.html
Movements Along the Curve or Shifts of the Curve: th-cam.com/video/LR5S4xL0DJE/w-d-xo.html
The Money Market: th-cam.com/video/I2iUZVoKkm0/w-d-xo.html
The LM Curve: th-cam.com/video/A5jV_0ZIRU4/w-d-xo.html
The IS-LM Model: th-cam.com/video/e_3clidGpfE/w-d-xo.html
The Labor Market: th-cam.com/video/r8qRf_kIeek/w-d-xo.html
The Phillips Curve: th-cam.com/video/c55Gz1oKr7w/w-d-xo.html
The IS-LM-PC Model: th-cam.com/video/7zvc1ECNHAo/w-d-xo.html
Exchange Rates: th-cam.com/video/QKf7fQCjfVY/w-d-xo.html
Purchasing Power Parity: th-cam.com/video/00H3hXF85Ns/w-d-xo.html
Interest Rate Parity: th-cam.com/video/_LVPhfBBGNs/w-d-xo.html
Goods Market in the Open Economy: th-cam.com/video/CS-fjsU4XBQ/w-d-xo.html
Fiscal Policy and the Multiplier in the Open Economy: th-cam.com/video/w5agukcULuo/w-d-xo.html
Open Economy: Effects of Increases in Foreign Demand: th-cam.com/video/fCzqV8KEFhw/w-d-xo.html
Open Economy: Effects of a Currency Depreciation: th-cam.com/video/zTza0XO-52Q/w-d-xo.html
Reducing the Trade Deficit: th-cam.com/video/S5Mv-WC6iNk/w-d-xo.html
The Marshall-Lerner Condition: th-cam.com/video/Yw3Y74DEge8/w-d-xo.html
The Mundell-Fleming Model: th-cam.com/video/yRefsZdU1No/w-d-xo.html
The Solow Model: th-cam.com/video/t8Q-2P0P3E4/w-d-xo.html
The Solow Model with Technological Progress: th-cam.com/video/sP_eQoPMAKg/w-d-xo.html
This is the most helpful video. You just saved my grade. Thank you
@@quinndanzis6216 Glad to hear that Thanks!
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Me too bruh
U the fuc**** best ever. I wish my teachers could learn how to teach as you. Thanks a lot!
Your videos helped me immensely!
Great to hear that!
Vielen Dank für ihre Videos hoffentlich bestehe ich dadurch die Makro Prüfung!
Sehr gerne und alles Gute für die Prüfung!
Thank you very much Klaus, i have macro exams tomorrow and this was a good brush up!
Wish me luck tomorrow!
Glad to hear that it was useful. Good luck for the exam!
At first i was mad that even this model felt like it had it's shortcomings, but now i see we get to a much more complex version of this model at the end of the macroeconomics playlist, i was missing inflation targeting in this one but I think it could easily be implemented by changing Inflation_t - Inflation_t-1 to Inflation_t - Target_t --> Inflation below target implies an output gap and interest rates above r* the CB should lower rates to reach Y*
How would a pure Price shock be modelled? Like Oil price shock, fully exogenous --> shift PC inward?
Feedback appreciated
Yes, an oil price shock would be modeled as a shift of the PC curve. Regarding inflation targetting, the model is consistent with it as central banks could set interest in a way to get the target inflation rate. This is modeled more explicitly in the New Keynesian model (in the Taylor rule), the videos of which you can find here:
th-cam.com/video/aQaMSYwmYOs/w-d-xo.html
th-cam.com/video/j048K_yb3h8/w-d-xo.html
th-cam.com/video/uUcp4csjNrg/w-d-xo.html
I hope this is helpful.
When can we expect a lecture on IS-LM-BP model?
Thank you for your question! It is definitely on my list to include it. However, I am not yet sure when I will have the time to do so.