TAILIEUCHUNG - Macroeconomic theory policy phần 7

Trong một nền kinh tế mở nhỏ, mức độ đầu tư được xác định chủ yếu bởi năng suất dự kiến vốn đầu tư, cùng với mức lãi suất hiện hành. Các vị trí tài khoản hiện tại (và do đó, mạng lưới tiết kiệm trong nước) trong một nền kinh tế mở nhỏ điều chỉnh chủ yếu để thích ứng với mô hình tiêu dùng mong muốn. | 176 CHAPTER 8. MONEY INTEREST AND PRICES high the value of money declines very rapidly inducing people to take extraordinary measures involving real resource costs to economize on their money holdings. Over the period July-November 1923 in Germany for example the price-level rose by 854 000 000 000 . According to some sources Workmen are given their pay twice a day now-in the morning and in the afternoon with a recess of a half-hour each time so that they can rush out and buy things-for if they waited a few hours the value of their money would drop so far that their children would not get half enough food to feel satisfied. Evidently merchants eventually found that they had trouble marking up their prices as fast enough. So they left the price marks as they were and posted hourly a new multiplication factor. The actual price marked on the goods had to be multiplied by this factor to determine the price which had to be paid for the goods. Every hour the merchant would call up the bank and receive the latest quotation upon the dollar. He would then alter his multiplication factor to suit and would perhaps add a bit in anticipation of the next quotation. Banks had whole batteries of telephone boys who answered each call as follows 100 milliarden bitte sehr guten Tag. Which meant The present quotation on the dollar is 100 billion marks thank you good day. 10 According to the QTM episodes like the German hyperinflation are caused by an overly expansionary monetary policy. High money growth rates imply high inflation. The way to prevent inflation is keep the money supply expanding at a moderate rate approximately equal to the growth rate of the real economy . Indeed if one looks at a cross-section of countries the correlation between inflation and money growth appears to be very high. The same is true for timeseries observations within a country over long periods of time the correlation is not as strong over short intervals of time . This type of evidence is usually .

TỪ KHÓA LIÊN QUAN
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.