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From SDG Academy on 20 August, 2019
This chapter discusses inflation and unemployment, as well as problems of stabilization. There is a trade-off between inflation and unemployment. Professor… -
From SDG Academy on 20 August, 2019
In this chapter, Professor Larraín talks about poverty traps, growth traps, middle income traps and their causes. Poverty traps are restrictions that make… -
From SDG Academy on 20 August, 2019
This 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… -
From SDG Academy on 20 August, 2019
This chapter focuses on the purchasing power parity (PPP) and the interest rate arbitrage. Professor Larraín begins by explaining the law of one price, which… -
From SDG Academy on 20 August, 2019
This chapter discusses inflation, unemployment, and stabilization. It begins with the example of hyperinflation in Zimbabwe in the late 2000s, and provides other real… -
From SDG Academy on 20 August, 2019
In this chapter, Professor Larraín explains Solow's Growth Behavioral Model. He explains terms such as capital stock, investment, marginal productivity of… -
From SDG Academy on 20 August, 2019
In this chapter, Professor Larraín talks about the sources of economic growth and Solow's growth accounting framework. Solow’s framework says that… -
From SDG Academy on 20 August, 2019
This chapter discusses fiscal policy and institutions, beginning with a focus on the Maastricht Treaty, and goes on to explain fiscal balance, with a discussion of aging… -
From SDG Academy on 20 August, 2019
This 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… -
From SDG Academy on 20 August, 2019
This 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… -
From SDG Academy on 20 August, 2019
The chapter focuses on long term economic growth and begins with the growth experiences of Southeast Asia and Latin America. Professor Larraín introduces the Rule… -
From SDG Academy on 20 August, 2019
This 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 on 20 August, 2019
This chapter focuses on stabilization, which is the reduction of inflation to a very low level, and explains the tools to understand stabilization. These tools include… -
From SDG Academy on 20 August, 2019
This 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… -
From SDG Academy on 20 August, 2019
In this chapter, there is emphasis on labour market institutions, minimum wages, unionizations, and contracts. The differences in institutions are one of the causes in… -
From SDG Academy on 20 August, 2019
This 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…