Eight Reasons Why Real Versus Nominal Interest Rates is the Most Important Concept in Macroeconomic Principles Courses

Peter Kennedy

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: The purpose of this paper is to argue that the distinction between real and nominal interest rates is the most important concept taught in macroeconomics principle courses. By "important" I mean "useful for interpreting and evaluating media reporting of the macroeconomy". This presumes that a major goal of our macroeconomics principles course is to produce students capable of understanding macroeconomics encountered in the media.

Keywords: INTEREST RATE; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: A00 E43 (search for similar items in EconPapers)
Pages: 10 pages
Date: 1998
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Journal Article: Eight Reasons Why Real versus Nominal Interest Rates Is the Most Important Concept in Macroeconomics Principles Courses (2000)
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