巴罗宏观经济学：现代观点第17章.pptVIP

Macroeconomics Chapter 17 World Markets in Goods and Credit Assumptions: the goods are physically identical. transport costs and barriers to trade small enough to neglect. World Markets in Goods and Credit law of one price. Markets work to ensure that the same good sells at the same price for all buyers and sellers in all locations. We also simplify by ignoring inflation, so that the price level, P, is constant over time. World Markets in Goods and Credit it = if t home nominal interest rate = foreign nominal interest rate rt = rft home real interest rate