经济学与经济学人地挑战(1).pptVIP

经济学与经济学人的挑战(1);Outline 大綱;I. Facts about popularity of Economics;;Why, the popularity?;;II. Challenge to economics ;Challenge to economists is greater;An example: Is the practicing of the US monetary policy an art?;Has Greenspan lost monetary control?FFR rate has been raised since June 2004;The long-rate fell rather than rose – Greenspan’s conundrum;A flattened yield curve: absence of risk premium (a bond bubble?);A housing boom (or bubble) ?;Households extracted equity in the hundreds of billions (why not?);- to support consumption that led to a plunging in the saving rate;The government