News & Guides
Season guides, division explainers and the latest on the National Economics Challenge and the China National Round (CNEC).
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How NEC Tests Loanable Funds and Bond Prices: Real Rates, Nominal Rates and the Graph Students Mix Up
Two macro graphs put an interest rate on the vertical axis. How loanable funds differs from the money market, why bond prices fall when rates rise, and a scenario sorter.
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How NEC Tests Monetary Policy: Central Banks, Interest Rates and the Money Market
How NEC tests monetary policy: the money market, the central bank's three tools, and the interest-rate transmission chain that links a policy rate to output and prices.