Philip Leatherwood, Lecturer

Kazakhstan Institute of Management, Economics, and Strategic Planning

17 April, 2001

1. Problems with the text—highlighted in Chapter 21
1. p. 495, NX = Y – (C + I + G)
2. p. 510, paragraph 3, "The monetary approach…"
2. Short and Long Run Effects of a Monetary Expansion
1. See figure 21-6
3. The J Curve
4. Difference in acceleration of prices and of Exchange Rates, p.513
5. Exchange Rate Intervention and Money Policy
1. What is sterilized intervention?