国际经济学克鲁格曼(第八版)第十六章英文PPT.ppt

6.5 inflation Bias and Other Problems of Policy Formulation 1. Sticky nominal prices not only give governments the power to raise output when it is abnormally low, but also may tempt them to create a politically useful economic boom 2. In practice it is sometimes hard to be sure whether a disturbance to the economy originates in the output or asset markets. 3. Real-world policy choices are frequently determined by bureaucratic necessities rather than by detailed consideration of whether shocks to the economy are real (that is, they originate in the output market) or monetary. 4. Another proble