Thursday, January 31, 2013

Key Terms and Semantics*

Part Three

I guess my genealogy and key terms posts are all about macroeconomic demand management by the government via fiscal and monetary policies. The government is reacting to financial crises like the one in 2008 brought on by long-term secular trends in income and credit/debt creation/management.

Sterilization

downward nominal wage rigidity (DNWR)

Zero interest-rate policy (ZIRP)

nominal GDP level target

Opitmal Control Path

"extend and pretend"

Part Two

Commercial Paper

Part One

Interest on Excess Reserves (IOER)

Open Market Operations (OMO)

Hot Potato Effect

Monetary Base

Floor System

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Bloggily thinking out load here. Parts One and Two links.

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