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.
![ค้างคืนโรงเก็บกระสวยอวกาศร้างกลางทะเลทราย [Around The World Ep. 3]](http://i.ytimg.com/vi/E5bWZQhABJE/mqdefault.jpg)
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
Vielen Dank für ihre Videos hoffentlich bestehe ich dadurch die Makro Prüfung!
Sehr gerne und alles Gute für die Prüfung!
U the fuc**** best ever. I wish my teachers could learn how to teach as you. Thanks a lot!
You the goat big dawg, I am so cooked rn
Your videos helped me immensely!
Great to hear that!
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 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!
I am so cooked bruh
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.