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ECON 400 – Explain Monetarism, What is the Taylor Rule

Question

#1: Explain Monetarism.

#2: What is the Taylor Rule and why is it important to this field of study?
#3: What is the Lucas critique?
#4 Explain the Gold Exchange System of the Bretton Woods era.
#5 What are the short run determinants of exchange rates?
#6 What happens when central banks buy international reserves?
#7 How has China (purportedly) enhanced her export base?
#8 What is dollarization and why is it important to developing countries?
#9 Explain Fiscal and Monetary Policy using the IS-LM model.
#10 Use the Quantity Theory of Money to explain a macroeconomic case of inflation.

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