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From SDG Academy
This chapter serves as a conclusion to the course Macroeconomics for a Sustainable Planet. In this final video, Professor Sachs talks about the environmental challenges… -
From SDG Academy
This chapter focuses on growth and inequality, and more specifically, the Kuznets Curve, in order to show the relationship between income per capita and inequality.… -
From SDG Academy
This conversation with Professor Mariana Mazzucato, took place on April 26, 2021, as part of the Book Club with Jeffrey Sachs. They discussed Prof. Mazzucato's new… -
From SDG Academy
This chapter focuses on globalization and the interconnection of the evolving world economy. Globalization is a multi-dimensional process of goods and services,… -
From SDG Academy
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
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… -
From SDG Academy
This chapter mentions three problems with stimulus policies. First, it may not be so easy to raise aggregate demand using the specific policy tools that government has,… -
From SDG Academy
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
In this chapter, Professor Sachs talks about how gross domestic product (GDP) per person, as a rough measure of living standards and well-being, is increasingly being… -
From SDG Academy
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
This chapter talks about the role of government induced tools, such as actions by the central bank or actions in budget spending and tax decisions, towards a… -
From SDG Academy
This chapter explains the financial bubble that occurs when a financial asset deviates from its fundamental value. In a financial bubble, there is a sudden price surge… -
From SDG Academy
In this chapter, Professor Sachs discusses an economy that is not fully employed, or an economy that is in an economic recession or depression. He explains the factors… -
From SDG Academy
In this chapter, Professor Sachs discusses international trade and how it is affected by the exchange rate, which is in turn affected by financial flows and the… -
From SDG Academy
This chapter discusses short-term contractions of the economy, or business cycles. It explains waves in business cycles, which are not regular, and explores their… -
From SDG Academy
In this chapter, Professor Jeffrey Sachs introduces the course on macroeconomics for a sustainable planet, as well as his co-professor, Felipe Larraín,…