- 1、本文档共83页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
该文档是极速PDF编辑器生成,
如果想去掉该提示,请访问并下载:
/
Lecture 6: Money and Business
Cycles
L6: Money and Business Cycles
• So far in our models, there is no money.
• Everything is valued in terms of goods.
• Those models can be used to study many issues.
• However, money plays an important part in modern
economies.
• Now we are adding money into the game and see how
it goes.
c
Gu JIN
L6: Money and Business Cycles
Fall 2015, CUFE
Part I: A Model with Money
• Measuring money supply.
• Monetary intertemporal model.
• Working with the model.
• Friedman-Lucas money surprise model.
c
Gu JIN
L6: Money and Business Cycles
Fall 2015, CUFE
• Money (or the “money supply”): anything that is gen-
erally accepted in payment for goods or services or in
the repayment of debts.
• Money has three basic functions
– Medium of exchange
– Unit of account
– Store of value
• Economists usually distinguish money from credits.
c
Gu JIN
L6: Money and Business Cycles
文档评论(0)