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From SDG Academy
524 playsIn this chapter, Professor Larraín explains Solow's Growth Behavioral Model. He explains terms such as capital stock, investment, marginal productivity of… -
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291 playsThis chapter discusses monetary policy, and focuses on the difference between fixed and floating exchange rates. It begins by explaining the role that a central bank… -
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127 playsThis chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor… -
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44 playsThis chapter discusses interactions between the public and private sectors through the role of pressure groups, who push the government in the direction of higher… -
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35 playsThis module covers money and central banking, and looks at how a barter economy differs from a monetary economy. The financial crisis of 2008 is explained in order to… -
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29 playsThis chapter focuses on the purchasing power parity (PPP) and the interest rate arbitrage. Professor Larraín begins by explaining the law of one price, which… -
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30 playsIn this chapter, Professor Larraín talks about poverty traps, growth traps, middle income traps and their causes. Poverty traps are restrictions that make… -
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33 playsThis video focuses on central bank and monetary policy, and specifically how central banking has evolved in recent years. Most banks aim to control interest rates rather… -
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16 playsThis chapter discusses the money supply process by the central bank. In most countries, the short-term interest rate is used as the instrument of monetary policy. There… -
Inflation, the Fiscal Budget, and Seigniorage 10 of 16
Inflation, the Fiscal Budget, and Seigniorage
From SDG Academy
23 playsThis chapter discusses inflation, unemployment, and stabilization. It begins with the example of hyperinflation in Zimbabwe in the late 2000s, and provides other real… -
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21 playsIn this chapter, Professor Larraín talks about the sources of economic growth and Solow's growth accounting framework. Solow’s framework says that… -
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19 playsThis chapter discusses the real exchange rate and the role of non-traded goods. The real exchange rate is a measure of a country’s competitiveness, defined through… -
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3 playsThis chapter focuses on several important topics for labor markets: the costs of unemployment, the effects of digitization on labor markets, informality, unemployment,… -
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16 playsThe chapter focuses on long term economic growth and begins with the growth experiences of Southeast Asia and Latin America. Professor Larraín introduces the Rule… -
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7 playsThis chapter discusses the cost of inflation, through both expected and unexpected inflation. Inflation is a tax over the money balance that agents hold. Professor… -
From SDG Academy
12 playsThis chapter covers the labor market model. Professor Larraín begins with a real-world case, examining why the unemployment rate is so much higher in the Euro…