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    • The nobel prize winning economist Milton Friedman once said that ΓÇ£Inflation is always and everywhere a monetary phenomenon.ΓÇ¥ The evidence to back his claim was pretty clear: whenever countries experience very high inflation for a sustained period of time, those countries also experience a rapid increase in the rate of growth of their money supply. At the same time, increases in the money supply in those countries isnΓÇÖt associated with sustained increases in output that we would have predicted with monetary policy. It seems that in the short run, increases in the money supply lead to increases in output, but in the long run increases in the money supply just cause inflation. Would you like to know more..just click these link.

      1. Powepoint Material: https://drive.google.com/file/d/1d3suC2mOG-yn79f9UGyJnOxL1UVQiseu/view?usp=sharing

      2. Macroeconomics Book: Mankiw. Please read Chapter 4. Money and Inflation

      3. Money and Inflation youtube: 

      4. Asian Financial Crisis at 1997: A Lesson 

    • Please Read carefully for course material. Keep it and make as a reference to completed your macroeconomics analysis Later