CHAPTER 15 PRICE LEVELS AND THE EXCHANGE RATE IN THE LONG RUN 国际经济学PPT.pptVIP

CHAPTER 15PRICE LEVELS AND THE EXCHANGE RATE IN THE LONG RUN Figure 15-1 Long-Run Time Paths of U.S. Economic Variables After a Permanent Increase in the Growth Rate of the U.S. Money Supply Figure 15-2 Inflation and Interest Rates in Switzerland, the United States and Italy, 1970-1997 Figure 15-2 continued... Figure 15-2 continued... Figure 15-3 The Dollar/DM Exchange Rate and Relative U.S./German Price Levels, 1964-1997 Figure 15-4 Price Levels and Real Incomes, 1992 Figure 15-5 The Real Dollar/Yen Exchange Rate, 1950-1996 Figure 15-6 Sectoral Productivity Growth Differences and the Change in the Relative Price of Nontraded Goods, 1970-1985 Figure 15A-1 How a Rise in U.S. Monetary Growth Affects Dollar Interest Rates and the Dollar/Euro Exchange Rate When Goods Prices are Flexible continued... continued...