the dd and dd44aa comurves什么时候一起用什么时候单独用

来源：蜘蛛抓取(WebSpider) 时间：2017-11-07 02:59 标签： 克鲁塞德战记aa ad dd
您所在位置： &
&nbsp&&nbsp&nbsp&&nbsp
Chapter 16Output and the Exchange Rate in the Short Run.ppt 64页
本文档一共被下载：
次 ,您可全文免费在线阅读后下载本文档。
下载提示
1.本站不保证该用户上传的文档完整性，不预览、不比对内容而直接下载产生的反悔问题本站不予受理。
2.该文档所得收入(下载+内容+预览三)归上传者、原创者。
3.登录后可充值，立即自动返金币，充值渠道很便利
需要金币：100 &&
Chapter 16Output and the Exchange Rate in the Short Run.ppt
你可能关注的文档：
··········
··········
Chapter 16 Output and the Exchange Rate in the Short Run Supplementary Notes Introduction This chapter builds on the short run and long models of exchange rates to explain how output and the exchange rate are determined in the short run. Develop the AA-DD model (similar to the IS-LM model with a different focus) Aggregate Demand Aggregate demand is the aggregate amount of goods and services that people are willing to buy: consumption expenditure (C) investment expenditure (I) government purchases (G) net expenditure by foreigners: the current account (CA) Aggregate Demand (cont.) Determinants of consumption expenditure include: Disposable income (Y-T): income from production (Y) minus taxes (T).
The marginal propensity to consume (MPC) out of disposable income is positive but less than one. Other important determinants of consumption
Real interest rates
They are ignored for simplicity. Aggregate Demand (cont.) Determinants of the current account include: Disposable income: more disposable income means more expenditure on foreign products (imports) and a reduction in CA. Real exchange rate (EP*/P): the prices of foreign products relative to the prices of domestic products, both measured in domestic currency: The Real Exchange Rate and the Current Account The current account measures the value of exports less the value of imports: CA ≈ EX – IM.
Current account in domestic currency = PQx – EP*Qm
Current account in real terms = Qx – (EP*/P)Qm
IM ? (EP*/P)Qm When the real exchange rate EP*/P rises, the prices of foreign products rise relative to the prices of domestic products. The volume of exports (Qx) rises. The volume of imports (Qm) falls. The value of imports in terms of domestic products (EP*/P) rises. The Real Exchange Rate and the Current Account (cont.) If the volumes of imports and exports do not change much, the value effect may dominate the volume effect when the real exchange rate changes. Evidence indicates that for most co
正在加载中，请稍后... 上传我的文档
 下载
 收藏
一线资深高中英语教师，英语教研组长，研究并擅长英语文教学和教育心理学，获得盘锦市优秀青年教师称号。
 下载此文档
正在努力加载中...
5 Output and the Exchange Rate in the Short Run
下载积分：3000
内容提示：5 Output and the Exchange Rate in the Short Run
文档格式：PPT|
浏览次数：2|
上传日期： 09:25:23|
文档星级：
全文阅读已结束，如果下载本文需要使用
 3000 积分
下载此文档
该用户还上传了这些文档
5 Output and the Exchange Rate in the Short Run
关注微信公众号【图文】3-1 DD-AA model_百度文库
两大类热门资源免费畅读
续费一年阅读会员，立省24元！
3-1 DD-AA model
&&西南财大课件国际金融学课件。
大小：185.00KB
登录百度文库，专享文档复制特权，财富值每天免费拿！
你可能喜欢

我要回帖

更多关于 克鲁塞德战记aa ad dd 的文章

 

随机推荐