Jackson Vicary

[Carter A Burns @CarterABurns1]

The Phillips Curve shows the short-run tradeoff between inflation and unemployment.
#eco2307

[Jackson Vicary @VicaryJackson]

@CarterABurns1 In the short run society faces a trade off between inflation and unemployment

[Jackson Vicary @VicaryJackson]

In the short run, the fed can reduce the unemployment rate below the natural rate by making inflation greater than expected #ECO2307

[Jackson Vicary @VicaryJackson]

Capital flight is a sudden and large reduction in the demand for assets in a given country. #ECO2307

[Jackson Vicary @VicaryJackson]

A fall in real interest rates makes domestic assets less attractive. #ECO2307

[Jackson Vicary @VicaryJackson]

Asset inflation is prices of stocks , bonds, real estate, and investments rising #M4N

[Finley Edwards @BU_ECO2307]

Retweeting me does NOT count towards your four tweets #M4N

[Finley Edwards @BU_ECO2307]

Volker was an absolute unit. He stood 6'7" #M4N

[Jackson Vicary @VicaryJackson]

Inflation in the US was a problem in the 70s despite hawkish promises from Nixon, Congress, and the FED #M4N

[Jackson Vicary @VicaryJackson]

Monetary policy is when the FED uses its power to create or destroy money to monitor interest rates that steer the economy. #M4N

[Jackson Vicary @VicaryJackson]

The FED was set up to provide liquidity to the financial system as a whole in a time of panic #M4N

[Aaliyah Miller @MillerAaliyah2]

@VicaryJackson and if not, individuals would engage in arbitrage!!!

[Jackson Vicary @VicaryJackson]

@MarkerLindsay Nice tweet. The limitations on PPP include the lack of arbitrage on goods not easily transferred #ECO2307

[Jackson Vicary @VicaryJackson]

The law of one price states that a good must sell for the same price in all locations. #ECO2307

[Jackson Vicary @VicaryJackson]

Nominal exchange rate describes a money for money trade, while real exchange rate describes the transfer of goods for goods. #ECO2307

[Jackson Vicary @VicaryJackson]

Both net exports and net capital outflow measure an imbalance in world markets. #ECO2307

[Jackson Vicary @VicaryJackson]

Automatic stabilizers are the alternative to active stabilization. They are features in the economy that automatically adjust to macroeconomic conditions. #ECO2307

[Jackson Vicary @VicaryJackson]

permanent income HypothesIs: people will reSpond morE to A permaNent increase in IncomE than a temporary one, ultimately trying to smooth consumption over time. #ECO2307

[Jackson Vicary @VicaryJackson]

In the liquidity preference graph, interest rate falls in the short run to encourage people to hold more dollars. Bonds are therefore less attractive. #ECO2307

[Jackson Vicary @VicaryJackson]

When income rises households want to buy more goods and therefor need more money. This causes an increase in money demand. #ECO2307