PPGC67H3 Lecture Notes - Business Cycle, Jean Lesage, Money Supply

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16 Sep 2014
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Institutions as constituting patterns of interactions: there are rules-human inventions, rules that structure and choices of our behaviour. Recurring interactions between premiers and pm-an elite form: meechlake accord-great example of executive federalism, multi-level governance-federal provincial relations, governance is shared between these two levels, some instances involving municipality. How do you meet in the middle? should there be conditional grants: canadian federation has become far too decentralized. Lecture 4: essay question-choice of 2, short answer 3 out of 5. Lecture 5: macroeconomic policy, concerns decisions regarding taxation, spending, regulation of the money supply. Investing into infrastructure-> workers, and good buildings/roads: ability to use spending revenue, restrictive monetary policy: too act, over heating-> leads to inflation (things get more expensive) we want to restrain it. Purchasing power gets restrained then. example to help is increasing taxes: monetary policy through manipulation of interest rate-> banks set the prime rate, set their rates of lending.

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