Laying a robust macro-financial foundation for the future study notes cover the following learning objectives:
Explain why the sudden increase in inflation that reached a peak in 2022 following the Covid-19 pandemic did not result in a full-scale global recession.
Identify and describe key factors that played a role in the process of disinflation around the world over the past year.
Describe policy measures introduced and implemented by different central banks aimed at driving their economies toward meeting inflation targets.
Discuss how monetary policy changes enacted by central banks to reduce inflation impacted equity prices, credit spreads, bond and equity volatilities, and bank lending.
Describe monetary, fiscal, prudential, and structural policies that need to be adopted to promote (long-term) sustainable economic growth and low inflation.