How Central Banks Work, Explained Simply 🏦
The term "monetary policy" refers to everything a country's central bank can do to influence the cost and therefore the available quantity of money within an economy. But what can a central bank actually do, and how does it work? In this video, we'll explain how these macroeconomic mechanisms work.
Enjoy! 😃
0:00 Introduction
0:16 What is meant by "monetary policy"?
0:54 How does "monetary policy" work?
2:31 The various types of "monetary policy"
3:55 Real-world consequences
4:43 What happens during economic crises
6:08 Recap