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Monetary & Fiscal Policy
Monetary Policy ,[object Object]
Two broad views: ,[object Object],[object Object],[object Object]
[object Object],[object Object]
Instruments of Monetary Policy ,[object Object],[object Object]
[object Object],[object Object]
Quantitative Controls
Bank Rate or Discount Rate ,[object Object],[object Object],[object Object]
Open Market Operations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Variable Reserve Ratio ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How it works ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]
Qualitative Controls
Margin Requirements ,[object Object],[object Object]
Consumer Credit ,[object Object],[object Object],[object Object],[object Object]
Directives of Central Bank ,[object Object],[object Object],[object Object],[object Object],[object Object]
Rationing of Credit ,[object Object],[object Object]
Other Methods ,[object Object],[object Object],[object Object]
Monetary Policy during Inflation
Inflation – characteristics ,[object Object],[object Object],[object Object],[object Object]
Aims of the Monetary Policy ,[object Object],[object Object],[object Object]
Measures  ,[object Object],[object Object],[object Object]
Monetary Policy during Depression
Depression - features ,[object Object],[object Object],[object Object]
Monetary Policy – objectives ,[object Object],[object Object],[object Object],[object Object],[object Object]
Cheap Money Policy ,[object Object],[object Object],[object Object],[object Object]
Drawbacks ,[object Object],[object Object]
Fiscal Policy
[object Object]
[object Object],[object Object]
[object Object],[object Object]
J.M. Keynes ,[object Object],[object Object],[object Object]
[object Object],[object Object]
Objectives  ,[object Object],[object Object],[object Object],[object Object]
Instruments of Fiscal Policy ,[object Object],[object Object],[object Object],[object Object]
Taxation  ,[object Object]
Public expenditure   ,[object Object],[object Object],[object Object]
Fiscal Policy during Inflation & Deflation ,[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Limitations ,[object Object],[object Object],[object Object]

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10 monetary & fiscal policy2