{"id":229,"date":"2019-01-15T15:36:35","date_gmt":"2019-01-15T20:36:35","guid":{"rendered":"https:\/\/sites.bu.edu\/perry\/?page_id=229"},"modified":"2019-01-17T15:15:42","modified_gmt":"2019-01-17T20:15:42","slug":"4-the-money-view-micro-and-macro","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/perry\/lectures\/mb-lectures\/section-1\/4-the-money-view-micro-and-macro\/","title":{"rendered":"4: The Money View, Micro and Macro"},"content":{"rendered":"<p><strong><a href=\"\/perry\/files\/2019\/01\/Lec-04-The-Money-View-Micro-and-Macro.pdf\" target=\"_blank\" rel=\"noopener\">Lecture PDF<\/a><\/strong><\/p>\n<p>Lec 4-1: Dealer of Last Resort<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/38ec3e18-fdcb-11e1-8fc3-00144feabdc0.html?siteedition=intl#axzz32MKcVemn\"><span style=\"font-weight: 400;\">FT article link<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/2dIsnwMxXTM\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-2:\u00a0Reading: Hyman Minsky<\/p>\n<p><a href=\"http:\/\/books.google.jo\/books\/about\/Economic_Policy_for_a_Free_Society.html?id=EKBEAQAAIAAJ&amp;redir_esc=y\"><span style=\"font-weight: 400;\">Henry Simons<\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.newyorker.com\/talk\/comment\/2008\/02\/04\/080204taco_talk_cassidy\"><span style=\"font-weight: 400;\">Minsky Moment (New Yorker article)<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/f6qXHMUMfzQ\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-3:\u00a0Payments: Money and Credit<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=ziTE32hiWdk\"><span style=\"font-weight: 400;\">Money in the Modern Economy<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=CvRAqR2pAgw&amp;list=TLgAuYClLX74aDltvvbJrdt776cXo94EBg\"><span style=\"font-weight: 400;\">Money Creation in the Modern Economy<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Kce8ST2g3aY\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-4:\u00a0Payments: Discipline and Elasticity<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/W0IGZW0QOr4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-5:\u00a0The Survival Constraint<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/8fJAUlpixpY\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-6:\u00a0Sources and Uses Accounts<\/p>\n<p><a href=\"http:\/\/www.federalreserve.gov\/apps\/fof\/\"><span style=\"font-weight: 400;\">Flow of Funds Accounts<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/5Fa-9RTK8zc\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-7:\u00a0Payment Example: Money and Credit<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/80_z5IMo9mk\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-8:\u00a0Flow of Funds Accounts<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/papers.nber.org\/books\/cope52-1\">Copeland<\/a>, check out Ch. 1-3 and 7<\/span><\/p>\n<p><a href=\"http:\/\/www.treasury.gov\/initiatives\/ofr\/Pages\/default.aspx\"><span style=\"font-weight: 400;\">Office of Financial Research<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/zbRwRasqTuA\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-9:\u00a0The Survival Constraint, redux<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/1_QLYX-99gQ\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-10:\u00a0Liquidity, Long and Short<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/sdHLuC8fNfc\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 4-11:\u00a0Financial Fragility, Flows and Stocks<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/_XwuGgyYrGs\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lecture PDF Lec 4-1: Dealer of Last Resort FT article link Lec 4-2:\u00a0Reading: Hyman Minsky Henry Simons Minsky Moment (New Yorker article) Lec 4-3:\u00a0Payments: Money and Credit Money in the Modern Economy Money Creation in the Modern Economy Lec 4-4:\u00a0Payments: Discipline and Elasticity Lec 4-5:\u00a0The Survival Constraint Lec 4-6:\u00a0Sources and Uses Accounts Flow of Funds [&hellip;]<\/p>\n","protected":false},"author":15799,"featured_media":0,"parent":223,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/229"}],"collection":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/users\/15799"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/comments?post=229"}],"version-history":[{"count":3,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/229\/revisions"}],"predecessor-version":[{"id":394,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/229\/revisions\/394"}],"up":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/223"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/media?parent=229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}