米什金 货币银行学 课件.pptVIP

标题 Your Subtitle Goes Here Chapter 23 The Keynesian Framework and the ISLM Model Determination of Output Keynesian ISLM Model assumes price level is fixed Aggregate Demand Yad = C + I + G + NX Equilibrium Y = Yad Consumption Function C = a + (mpc ? YD) Investment 1. Fixed investment 2. Inventory investment Only planned investment is included in Yad Consumption Function Keynesian Cross Diagram Expenditure Multiplier Analysis of Figure 3: Expenditure Multiplier ?I = + 100 ? ?Y/?I = 200/100 = 2 1 Y = (a + I) ? 1 – mpc A = a + I = autonomous spending Conclusions: 1. Expenditure multiplier