Inflation and Monetary Policy

… a core topic in Macroeconomic Policy

inflationmonetarypolicyTopic description

This topic introduces students to inflation and monetary and to government policies to stimulate the economy or to moderate inflationary pressures.

It is envisaged that The Atlas treatment of this topic will closely follow that in Chapter 9 – The Federal Reserve and Chapter 10 – Monetary Policy in the open access course entitled Principles of Macroeconomics presented by Tyler Cowen and Alex Tabarrok on the Marginal Revolution University (MRU) online education platform (, accessed 23 April 2016). In late April 2016 the MRU course site did not yet have videos available for theses chapters but we hope that concept pages can be created on the Atlas once those MRU resources become available.

Topic learning outcome

Appropriately utilize and interpret results of applying to public policy problems the basic principles of growth theory, including following core concepts.

Core concepts associated with this topic (MRU videos not yet available for unlinked concepts)
to come
Other concepts

These concepts have been identified from courses and have short descriptions on the Old Atlas. Some may be added to the core and be elaborated in a page in this Atlas.

Fixed Exchange Rate

Floating Exchange Rate

Interest Rate Parity

Monetary Neutrality

Monetary Policy

Money Multiplier

Nominal Exchange Rate

Net Capital Outflow (NCO)

Open Market Operations

Overnight Rate

Real Exchange Rate

Real Interest Rate

Quantity Theory of Money

Velocity of Money


to come

Textbook readings in MPP and MPA courses 

to come

Assessment questions (from MRU Practice Questions for Chapters 3 and 4)

to come

Page created by: Ian Clark, last modified on 23 April 2016.

Image: Balance of Trade Deficit, at, accessed 23 April 2016.