01+为什么研究货币、银行与金融市场.ppt

* 货币与利率 Money Growth and Interest Rates * 货币与利率 Money and Interest Rates 利率是资金的价格 Interest rates are the price of money 货币增长率与利率之间的关系 Prior to 1980, the rate of money growth and the interest rate on long-term Treasure bonds were closely tied，Since then, the relationship is less clear but still an important determinant of interest rates * 财政政策与货币政策 Fiscal Policy and Monetary Policy * 财政政策与货币政策 Fiscal Policy and Monetary Policy 货币政策 ：对货币和利率的管理 Monetary policy is the management of the money supply and interest rates Conducted in the U.S. by the Federal Reserve Bank (Fed) 财政政策 ：政府支出和税收的决策