Series
10 posts
Casually skimmed then carefully re-read Ch. 1–2 of money & banking — vocab check on stocks, bonds, debt instruments, and short-term money market tools!
A casual rundown of Chapter 15 — breaking down the Fed's balance sheet, monetary base, reserves, and how open market operations move the money supply!!!
Breaking down the 4 monetary policy tools the Fed uses to nail its target federal funds rate, and why it all plays out in the reserves market!
A breezy rundown of how central banks juggle inflation targeting, the time-inconsistency problem, and a whole laundry list of goals beyond just price stability!
A casual intro to foreign exchange markets — covering why exchange rates matter, spot vs. forward transactions, OTC trading, and how long/short-term rates are determined.
We're diving into how central banks intervene in the forex market — buying or selling foreign reserves to move the monetary base, interest rates, and ultimately the exchange rate.
From Irving Fisher's velocity of money to Keynes's Liquidity Preference Theory — a casual breakdown of how money supply, interest rates, and GDP all connect.
Breaking down the IS curve — which maps the real interest rate to national income in goods-market equilibrium — because you'd better know this one well!
We're diving into the MP curve — how central banks fiddle with nominal rates to steer real interest rates — then combining it with the IS curve to derive the AD curve!!
A casual, student-eye-view breakdown of the AS curve — why output and inflation move together and what short-run vs. long-run aggregate supply actually means.