《第三讲：国际收支决定理论与国际收支调节政策》.pptVIP

国际收支调节的弹性分析法 弹性分析的基本概念 马歇尔－勒纳条件Marshall–Lerner condition Mathematical derivation Mathematical derivation J曲线 The J curve J曲线 The J curve The J curve shows the effect of a devaluation of a currency on the net export (exports minus imports). When the devaluation takes place at t the net export falls from A to B, since the level of import is unchanged, but the currency is worth less. As time goes on the net export will gradually change since consumers buy less imported goods, and other countries buy more goods from the country due to the lower real price. At C the net export break even. With ti