国际经济学英文完整教学课件.ppt

Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Summary (cont.) A temporary increase in the money supply is predicted to increase output and depreciate the domestic currency. A permanent increase does both to a larger degree in the short run, but in the long run output returns to its normal level. A temporary increase in government purchases is predicted to increase output and appreciate the domestic currency. A permanent increase in government purchases is predicted to completely crowd out net exports, and therefore to have no effect on output. Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Summary (cont.) The IS-LM model compares interest rates with output. The IS curve shows combinations of interest rates and output where aggregate demand = aggregate output. The LM curve shows combinations of interest rates and output where the money market is in equilibrium. The IS-LM model can be used with the model of the foreign exchange markets to compare output, interest rates and exchange rates. Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Additional Chapter Art Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Table 16-1: Factors Determining the Current Account Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Fig. 16-1: Aggregate Demand as a Function of Output Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Fig. 16A1-1: Change in Output and Saving Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Table 16A2-1: Estimated Price Elasticities for International Trade in Manufactured Goods Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. 16-* Policies to Maintain Full Employment (cont.) Economic data are difficult to measure and to understand. Policy makers can not interpret data about asset markets and aggregate demand with certainty, and sometimes they make mistakes. Changes in policies take time to be implemented and to affect