Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 14 Stabilization Policy in...

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Chapter 14

Stabilization Policy in the Closed and Open Economy

Figure 14-1 A Flowchart Showing the Relationship Between Policy Instruments, Policy Targets, and Economic Welfare

Figure 14-2 The Percent Change in Real GDP Following a 1 Percentage Point Change in the Treasury Bill Rate, Three Intervals, 1961–2004

Figure 14-3 The Log Output Ratio and the Moving Average of its Absolute Value, 1960–2004 (1 of 2)

Figure 14-3 The Log Output Ratio and the Moving Average of its Absolute Value, 1960–2004 (2 of 2)

Figure 14-3 The Log Output Ratio and the Moving Average of its Absolute Value, 1960–2004

Figure 14-4 The Federal Funds Interest Rate and the Log Output Ratio, 1980–2005

Figure 14-5 The Actual Federal Funds Rate and Interest Rates Calculated by Two Versions of the Taylor Rule, 1980–2004

Table 14-1 Assessing Alternative Policy Rules (1 of 2)

Table 14-1 Assessing Alternative Policy Rules (2 of 2)

Table 14-1 Assessing Alternative Policy Rules

International Perspective The Debate About the Euro

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