货币供给的决定因素课件.pptVIP

? 2006 Pearson Addison-Wesley. All rights reserved 货币供给的决定因素 Determinants of the Money Supply ? 2006 Pearson Addison-Wesley. All rights reserved 16-* ? 2006 Pearson Addison-Wesley. All rights reserved 16-* Money Multiplier M = m ? MB Deriving Money Multiplier R = RR + ER RR = r ? D R = (r ? D) + ER Adding C to both sides R + C = MB = (r ? D) + ER + C 1. Tells us amount of MB needed support D, ER and C 2. $1 of MB in ER, not support D or C MB = (r ? D) + (e ? D) + (c ?D) = (r + e + c) ? D ? 2006 Pearson Addison-Wesley. All rights reserved 16-* 1 D = ? MB r + e + c M = D + (c ??D