巴罗宏观经济学：现代观点第10章.pptVIP

Macroeconomics Chapter 10 Concepts of Money Fiat money has value due to government fiat, rather than through intrinsic value. Commodity money, such as gold and silver coins, which do have intrinsic value. High-powered money, which adds the deposits held by banks and other depository institutions At the Federal Reserve. Another name for high-powered money is the monetary base. Concepts of Money Monetary aggregate A monetary aggregate is the total dollar stock of a group of financial assets defined to be money. The most common definition, called M1 Checkable deposits issued by banks and other