central-banking
3 free lessons tagged central-banking across Business. Each one is a short sequence of focused steps with narration and a five-question quiz at the end — take them in any order, no signup required.
The central-bank toolkit: rates, balance sheet, guidance
The instruments a modern central bank uses to influence the economy — policy rate, open-market operations, reserve requirements, lender-of-last-resort facilities, quantitative easing, and forward guidance — and the transmission channels through which each affects inflation and employment.
Inflation: measurement, mechanisms, and expectations
How inflation is measured (CPI, PCE, GDP deflator), the demand-pull and cost-push mechanisms, why the modern Phillips curve depends on inflation expectations, and the structural reason 'anchored' expectations matter so much to outcomes.
What money is: base, broad, and the velocity equation
The functional definition of money, the distinction between base money and broad money, how the banking system creates the latter from the former, and why the quantity equation (MV = PQ) relates money to prices only through variables that themselves move.