Saturday Apr 18 @ 3:30PM Location: Toldo 100
ch.22: Monetary policy expansionary vs contractionary policy i=r+ inflation l= f(r) inflation target 1-3% CDIC, deflation bank rate, target for overnight rate deposit rate operating band
bank of Canada functions balance sheet fractional reserve banking QE ch.23: fiscal policy G: all levels of gov’t fed gov’t: military and ins policies prov gov’t: health + education
municipal: trash, police Tvs G tax expenditures hidden tax spendings discretionary F.P. lags: decision and execution marginal tax rates automatic stabilizers PPTY