MACROECONOMÍA DE ADE
Diagrama de temas
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Watch the following video about the money multiplier:
Positive Money (2012, December 7). "What's wrong with the money multiplier? - Banking 101 (Part 2 of 6)" [Archivo de vídeo]. Recuperado el 27 de junio de 2018.
This video presents a version of the monetary multiplier model, which is less sophisticated than the one presented in class. We will call this model the "Pyramid" model. The video criticizes the Pyramid model due to the absent of some elements, like the voluntary reserves, which appear in the model presented in class.
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Watch the video about the money multiplier:
Positive Money (2012, December 20). "How is money really made by banks? - Banking 101 (Part 3 of 6)" [Archivo de vídeo]. Recuperado el 27 de junio de 2018.
The author is amazed about himself because he discovers that money is not only coins and bills, but also “electronic money”. This is hardly surprising, since definitions of money include deposits, which are not bills and coins. He criticizes a very primitive version of the money multiplier, the “Pyramid" model, in the first video. In this second video, he proposes an alternative: the “Balloon” model. This alternative model is just an extension of the money multiplier model, where voluntary reserves depend on the degree of confidence of banks, which may be easily incorporated to the model as a parameter.
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Read the Executive Summary of the report:
Beltrán, A., Boldrin, M., Borges, N., Castello-Branco, J. Conde-Ruiz, J. García, E. Garicano, L. y Vázquez, P. (2000). "A growth agenda for Spain". Madrid: Mackinsey & Company, Fedea. Recuperado el 27 de junio de 2018.
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Bibliografía básica
BAJO, O. Y MONÉS, M.A.: Curso de Macroeconomía, Antoni Bosch, 2ª Edición, 2000.
MANKIW, N.G.: Macroeconomía, Antoni Bosch, 8ª Edición, 2014.
SALA-I-MARTIN, X.: Apuntes de Crecimiento Económico, 2ª Edición, 2000.
Bibliografía complementaria
ACOSTA, J., GONZÁLEZ, R.M.; LORENZO, R.M. Y RODRÍGUEZ, M.G.: Ejercicios de Macroeconomía I, ARTE Comunicación Visual, 2006.
BLANCHARD, O., AMIGHINI, A. Y GIAVAZZI, F.: Macroeconomía, Pearson-Prentice Hall, 5ª Edición, 2012.
BRANSON, W.: Teoría y Política Macroeconómica. Fondo de Cultura Económica, 2ª Edición, 2002.
JONES, I.J.: Introducción al Crecimiento Económico, Prentice-Hall, 2000.
Recursos electrónicos
BELTRÁN, A., BOLDRIN, M., BORGES, N., CASTELLO-BRANCO, J. CONDE-RUIZ, J. GARCÍA, E. GARICANO, L. Y VÁZQUEZ, P. (2000). "A growth agenda for Spain". Madrid: Mackinsey & Company, Fedea. Recuperado el 27 de junio de 2018 de http://crisis09.fedea.net/agenda/Growth-agenda-for-Spain-Final.pdf
POSITIVE MONEY (7 de diciembre de 2012). "What's wrong with the money multiplier? - Banking 101 (Part 2 of 6)" [Archivo de vídeo]. Recuperado el 27 de junio de 2018 de https://www.youtube.com/watch?v=SkAzDrrKkME&feature=youtu.be
POSITIVE MONEY (20 de diciembre de 2012). "How is money really made by banks? - Banking 101 (Part 2 of 6)" [Archivo de vídeo]: Recuperado el 27 de junio de 2018 de https://www.youtube.com/watch?v=KvpbQlQwl0A&feature=youtu.be