宏观经济学6总供给(工资价格失业).ppt

An adverse supply shock is doubly unfortunate: it causes higher prices and lower output. The adverse supply shock reduces the real wage. 逆向供给冲击具有两方面的不利结果:导致高的价格与低产出. 逆向供给冲击减少了实际的工资. ACCOMMODATION OF SUPPLY SHOCKS逆向供给冲击的调节 The policy mix actually chosen resulted in an intermediate position ------some inflation (quite a lot) and some unemployment 混合政策的结果导致一个中间位置:一定程度的通货膨胀(相当小)和一定程度的失业. FAVOURABLE SUPPLY SHOCK有利的供给冲击 A favorable supply shock , such as that caused by technological improvements, moves the short-run aggregate supply curve outward. 有利的供给冲击,可由技术进步引起,使短期总供给曲线向外移动.  Chapter 6 aggregate supply: wages, prices, and unemployment.总供给:工资,价格和失业 Chapter highlights The aggregate supply curve describes the price adjustment mechanism of the economy. The Phillips curve links inflation and unemployment. output. 总供给曲线描述了经济中的价格调整机制 菲利普斯曲线将通货膨胀与失业问题联系起来. The aggregate supply curve links prices and The Phillips curve and aggregate supply curve are alternative ways of looking at the same phenomena 总供给曲线将价格与产出联结起来 菲利普斯曲线和总供给曲线是透视同一个现象的可替代的方法 According to the modern Phillips curve, inflation depends on expectations of inflation, as well as unemployment Price adjustment mechanism The link between unemployment and inflation is called the Phillips curve. 根据现代菲利普斯曲线,通货膨胀率取决于通货膨胀预期和失业率. 价格调整机制 失业率与通货膨胀的联系称之为菲利普斯曲线 6-1 the aggregate supply curve and the price adjustment mechanism 总供给曲线和价格调整机制 P t+1=Pt[1+ λ (Y-Y*)] The speed of price adjustment is controlled by the parameterλin equation. 价格调整的速度是由参数λ控制的. Fig 6-1 The Dynamic Return to Long-Run Aggregate Supply the description of the aggregate supply schedule as follows the aggregate supply schedule is flatter the smaller the impact of output and employment changes on current prices If prices respond very little to changes in unemployment , the AS schedule in figure 6-1 will be very flat. The coefficient λ in equation (1)_captures this output-price-change linkage. 总供给曲线越平坦,产出和就为业变化对当前价格的影响越小。 如果价格对失业率的响应较小,总供