欢迎来到天天文库
浏览记录
ID:60997090
大小:422.50 KB
页数:32页
时间:2021-01-19
《斯蒂芬D威廉森宏观经济学第三版第十五章Stephen D. Williamson27s Macroeconomics, Third Edition chapter15.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、Chapter15Money,InflationandBankingChapter15TopicsAlternativeformsofmoney.Moneyandtheabsenceofdoublecoincidenceofwants.Thecausesandeffectsoflong-runinflation.Financialintermediationandbanking.2Copyright©2008PearsonAddison-Wesley.Allrightsreserved.Alternat
2、iveFormsofMoneyCommoditymoneyCirculatingprivatebanknotesCommodity-backedpapercurrencyFiatmoneyTransactionsdepositsatbanks3Copyright©2008PearsonAddison-Wesley.Allrightsreserved.TheDouble-CoincidenceProblemandtheRoleofMoneyBarterexchangeisdifficultinhighly
3、-developed,specializedeconomies.Economicexchangerequiressearchcosts,andthesecostsarehighwheneconomicagentsarespecializedinconsumptionandproduction,andcanonlytradeagoodorserviceforanothergoodorservice.Searchcostsarereduceddramaticallyifeveryoneacceptsmone
4、yinexchangeforgoodsandservices.4Copyright©2008PearsonAddison-Wesley.Allrightsreserved.Figure15.1AnAbsence-of-Double-CoincidenceEconomy5Copyright©2008PearsonAddison-Wesley.Allrightsreserved.Figure15.2Good1asaCommodityMoneyintheAbsence-of-Double-Coincidenc
5、eEconomy6Copyright©2008PearsonAddison-Wesley.Allrightsreserved.Figure15.3FiatMoneyintheAbsence-of-Double-CoincidenceEconomy7Copyright©2008PearsonAddison-Wesley.Allrightsreserved.TheEffectsofLong-RunInflationUsethemonetaryintertemporalmodelfromChapter10.S
6、howthatmoneyisnotsuperneutral–highermoneygrowthcauseshigherinflation,whichaffectsrealeconomicvariables.Anincreaseinthemoneygrowthrateincreasestheinflationrateandthenominalinterestrate,andreducesemploymentandoutput.8Copyright©2008PearsonAddison-Wesley.All
7、rightsreserved.Figure15.4ScatterplotoftheInflationRatevs.theGrowthRateinM0fortheUnitedStates,1960–20069Copyright©2008PearsonAddison-Wesley.Allrightsreserved.Equation15.1Assumethatthecentralbankcausesthemoneysupplytogrowataconstantrate.10Copyright©2008Pea
8、rsonAddison-Wesley.Allrightsreserved.Equation15.2Inequilibrium,moneysupplyequalsmoneydemand.11Copyright©2008PearsonAddison-Wesley.Allrightsreserved.Equation15.3Moneysupplyalsoequalsmoneydemandinthefutureperiod.12Copyright©
此文档下载收益归作者所有