The Principles of Monetary Economics |
Common terms and phrases
aggregate demand amount assets balance of payments bank deposits bank reserve deposits billion bond borrowing bricks central bank changes Chapter commercial banks commodity money consumer corporate cost currency demand deposits demand for money dollars economy effect employment equation equilibrium example excess reserves exchange rate expansionary expenditure Federal Reserve banks Federal Reserve System Figure FOMC foreign foreign exchange market function funds goal gold government securities government spending hold important income increase inflation inside lag interest rates investment labor liabilities loans mand member bank reserves ment monetary base monetary policy money balances money supply open market operations output paper money percent price level production purchases reserve requirements rise sell shift short-term simply stability stock of money supply curve supply of demand supply of money tion trade transactions U.S. Treasury United variables vault cash wage