- CFA Exams
- 2023 Level I
- Topic 2. Economics
- Learning Module 12. Monetary and Fiscal Policy
Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Learning Outcome Statements PDF Download
1. What is Money? compare monetary and fiscal policy; describe functions and definitions of money; explain the money creation process; | |
2. The Demand for and Supply of Money describe theories of the demand for and supply of money; describe the Fisher effect; | |
3. The Roles of Central Banks describe roles and objectives of central banks; | |
4. The Objectives of Monetary Policy contrast the costs of expected and unexpected inflation; describe tools used to implement monetary policy; describe the monetary transmission mechanism; explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates; | |
5. Monetary Targeting Rules describe qualities of effective central banks; contrast the use of inflation, interest rate, and exchange rate targeting by central banks; | |
6. Contractionary and Expansionary Monetary Policies and the Neutral Rate determine whether a monetary policy is expansionary or contractionary; describe limitations of monetary policy; | |
7. Fiscal Policy: Roles, Objectives, and Tools describe roles and objectives of fiscal policy; describe tools of fiscal policy, including their advantages and disadvantages; describe the arguments about whether the size of a national debt relative to GDP matters; | |
8. Active and Discretionary Fiscal Policy describe tools of fiscal policy, including their advantages and disadvantages; explain the implementation of fiscal policy and difficulties of implementation; determine whether a fiscal policy is expansionary or contractionary; | |
9. Interrelationships between Fiscal and Monetary Policy explain the interaction of monetary and fiscal policy. |

I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.

Martin Rockenfeldt
My Own Flashcard
No flashcard found. Add a private flashcard for the module.
Add