Wilfrid Laurier University Graduate Calendar - 2012/2013
Canadian Excellence

IP641
Macroeconomic Policy in an Interdependent World
0.5 Credit

After reviewing the basic elements of fiscal and monetary policy and their effects on inflation and unemployment, the course explores the operation of such policies in an increasingly interdependent world. Exchange rate arrangements are the most common historical examples of the interdependence of monetary policies between countries. Fiscal policy choices significantly affect the current account as well as international borrowing and lending.