原创力文档- 1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
- 2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
查看更多
Capitolo 13.ppt
Capitolo 13 Domanda Aggregata e Offerta Aggregata Figure 13.1 Figure 13.1 Figure 13.2 Figure 13.2 Figure 13.2 Figure 13.2 Figure 13.2 Figure 13.3 Figure 13.2/3 Figure 13.4 Figure 13.4 Figure 13.4 Figure 13.5 Figure 13.5 Figure 13.5 Figure 13.5 Figure 13.5 Figure 13.5 Figure 13.5 Figure 13.8 Figure 13.6 Figure 13.6 Figure 13.6 Figure 13.7 Figure 13.7 Figure 13.8 Figure 13.9 Figure 13.9 Figure 13.9 Figure 13.10 Figure 13.10 Figure 13.11 Figure 13.11 Figure 13.11 Figure 13.11 Figure 13.12 Figure 13.13(a) Figure 13.13(b-d) Figure 13.14 Figure 13.14 Figure 13.14 Figure 13.14 Figure 13.14 Figure 13.15 Figure 13.15 Figure 13.15 Figure 13.15 Figure 13.16 Figure 13.17 Figure 13.17 Figure 13.17 Figure 13.17 Aggregate demand and supply under flexible exchange rates Fig. 13.10 Aggregate demand and supply under flexible exchange rates Inflation 0 Money growth line Monetary authority chooses the rate of growth of money supply (thereby determining long-run inflation). Nominal exchange rate changes so that PPP holds. Fig. 13.10 Output gap Monetary policy under flexible exchange rates Fig. 13.11 We start at the equilibrium point A... Inflation 0 A Fig. 13.11 Output gap ... Now an expansionary monetary policy under flexible exchange rates Inflation 0 A B Increase in the growth of the money supply has an expansionary impact at first (A to B). Fig. 13.11 Output gap Core inflation increases as long as the output gap is positive. Inflation 0 A B C Because of the positive slope of AS, inflation rates along AS are greater than core inflation for a positive output gap. Fig. 13.11 Output gap Fig. 13.12 GDP in Hungary and Poland, 1989-2004 70 80 90 100 110 120 130 1989 1991 1993 1995 1997 1999 2001 2003 Hungary Poland Fig. 13.13(a) 1965 1975 1985 1995 300 200 100 Oil, metal, and food prices: 1965-1994 (1990=100) Fig. 13.13(b-d) Oil Shock: A turning point, pre- and post-1973 An adverse supply shock Fig. 13.14 We start at point A... Inflation 0 A Fig. 13.14 Output gap ...and we suffer an adv
文档评论（0）