chapter 18 - Econ 202 Economic Theory II April 3rd, 2007 S...

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Unformatted text preview: Econ 202 Economic Theory II April 3rd, 2007 S ebastien Blais sblais@sebastienblais.com blais@bilkent.edu.tr www.sebastienblais.com/teaching/econ202.html Office: A212 Office Hours : Wednesday 10.40 - 11.40, Thursday 10.40 - 11.40, or by appointment. Department of Economics Bilkent University Econ 202 Economic Theory II - April 3rd, 2007 p. 1/19 Lecture outline Material for 2nd mid-term exam The Central Bank Monetary policy Policy coordination Econ 202 Economic Theory II - April 3rd, 2007 p. 2/19 Material for mid-term exam All material for the 1st midterm All of chapters 10 and 16 Sections 11.1 to 11.4 of chapter 11 Sections 15.1 to 15.3 of chapter 15 The course outline was updated Econ 202 Economic Theory II - April 3rd, 2007 p. 3/19 The Central Bank The Central Bank has several functions Ensures price stability (conducts monetary policy) Is a lender of last resort for banks Acts as an agent of the Government for its debts Regulates banks Independent or not, it is "owned" by the government. Econ 202 Economic Theory II - April 3rd, 2007 p. 4/19 The Central Bank We focus on monetary policy: the primary objective of (most) central banks is to ensure...
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chapter 18 - Econ 202 Economic Theory II April 3rd, 2007 S...

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