Thursday, May 10, 2012
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E5. Introduction to Monetary Policy


This video provides a brief introduction to monetary policy – one of the main elements of economic policy.


13 Comments

  1. Dear Michael: I would like to offer some suggestions to improve your videos. It’s a thumb rule in teaching and particularly in Economics that you substantiate a line of argument or reasoning with examples from the real world. Your video didn’t have any! The next point is you should utilize charts or graphs so as to make it easy for others to quickly grasp what you are saying. I hope you will implement these suggestions and notice the difference for yourself. Thank you and Good luck!

  2. @forexyard In and of itself not well – having said that, whenever there is more risk-aversion (and markets trade lower) investors still flock to the US dollar for safety – long-term it is not supportive I think. Best regards, Michael.

  3. The Fed keeps increasing the monetary supply. How will this affect the dollar?

  4. What the hell do we have a central bank if we are suppose to have a free market economy? Also why does money only expand through borrowing and how do we pay this all back if interest is not created at the same time loan are extended. Looks like debt has to ballon for us to have more so called money(actually this is credit or debt). What a screwed up system we have?

  5. very nice

  6. Fiscal policy is the process of taxing citizens to reduce aggregate demand, and spending money. Could you explain to me the process of monetary policy and why it is used?

  7. Yes Sir! But exactly this policy will fail in the next years…..Because the Central Banks did fight every burst of a bubble by creating an even bigger bubble.
    Deflation….Hyperinflation….Bankruptcy of States will be our glorious future.
    The Central Banks are like mad doctors that wanna fight Cancer with pain killers!

  8. Sounds like something out of a Keynesian textbook. Central banks are the central economic planners of the world. If central banks are such inflation fighters, how do you explain that every single known hyperinflation in the world has occurred with a fiat currency?

  9. I love these. Definetly helped me understand.

  10. cool

  11. keep up the good work. your brief introductions are focused and comprehensive, so it’s a nice recapture of these topics to watch them! thanks from japan!

  12. nice job

  13. brilliant work michael. keep up the good work.