Explain the Process of Securitization

question 15

Essay

Explain the process of securitization.In doing so be sure to define liquidity and the concept of originate-to-distribute and how the concept differs from traditional commercial bank lending.

Understand why a fixed-growth-rate monetary policy is not widely embraced.

Explain the relationship between inflationary expectations and the position or movement of the Phillips curve.

Identify the conditions under which the economy moves along or shifts the short-run Phillips curve.

Understand the natural rate of unemployment and its significance.