lm schedule

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LM Schedule

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LM Schedule. Equilibrium Nominal Interest Rate. r. m 1 =M 1 / P 1. r 2. m d (y 2 ). r 1. m d (y 1 ). m=M / P. M 1 / P 1. - PowerPoint PPT Presentation

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Page 1: LM Schedule

LM Schedule

Page 2: LM Schedule

Equilibrium Nominal Interest Rate

r

m=M / P

m1=M1 / P1

md(y1)

r1

M1 / P1

md(y2)

r2