LESSON 5


Small Open Economy Equilibrium III:

Monetary Policy Under Fixed Exchange Rates


Topic 1: Equilibrium Under Fixed Exchange Rates

Topic 2: Money Creation: The Basics

Topic 3: Domestic and Foreign Source Components of the Stock of Base Money

Topic 4: Equilibrium Under Fixed Exchange Rates: Less Than Full Employment

Copy of the Figure Presenting Monetary Shocks in a Small Open Economy: Less Than Full Employment

Topic 5: Equilibrium Under Fixed Exchange Rates: Full Employment

Copy of the Figure Presenting Monetary Shocks in a Small Open Economy: Full Employment

Topic 6: Balance of Payments Equilibrium

General Readings

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PREPARED BY

John E. Floyd
Professor of Economics, University of Toronto
Toronto, Ontario, Canada

Copyright, John E. Floyd
j.floyd@utoronto.ca