Week 3 — Lectures 4 & 5, Reading 2
We're discussing the following for week 3: Lecture 4: The Money View, Micro and Macro Lecture NotesSources and Uses. Flow of funds. Every use of funds has a corresponding source on its own balance sheet (micro) and on someone else's (macro). Assets and liabilities represent commitments of future cashflows. Lecture 5: The Central Bank as …