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CHAPTER 3 National Income slide 29
Hàm u t
A
3A 5
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6CHAPTER 3 National Income slide 30
Chi tiêu chính ph,
*$p,U
$#
$'#(')A
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p
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= =' & &
CHAPTER 3 National Income slide 31
Th trng hàng hoá và dch v
ei";o
<
*+
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"
*
'# A
• − + +qXC 3 5 3 5 & A
• =qRC 3 4 5
• − + +1
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C 7 3 5 3 5 & A
CHAPTER 3 National Income slide 32
Th trng vn vay
./
@
'>
#U
A
.#
C r'
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&''
C &
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C
>
rs '
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CHAPTER 3 National Income slide 33
Cu v vn: u t
1&''
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2 !"?&'&C
1($
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l
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CHAPTER 3 National Income slide 34
ng cu v vn vay
A
3A 5
I-
&
u
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CHAPTER 3 National Income slide 35
Cung vn vay: Tit kim
Dp
'
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>C
2 m
(k
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4%
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7CHAPTER 3 National Income slide 36
Các lo
i tit kim
D
) $73Z&5Z
D
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D
%"
,4 G
7
YU
73Z&5Z Y & Z
7 Z Z
CHAPTER 3 National Income slide 37
Ký hiu: ∆ = s thay
i ca 1 bin
[Kj*
:4∆: 7r; : s
∆ # = ; 3$5
m eQ4 XM
[U()C
D
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∆
=
∆
∆3−&5 7∆− ∆&4($'
∆ 75/× 3∆− ∆&5
75/∆− 5/∆&
CHAPTER 3 National Income slide 38
Bài tp:
Tính s thay i ca tit kim
V9 .d17\Aa'# .de7F\A
[K:%-
4U
∆G C
A ∆ 7E\\
*A ∆& 7E\\
A ∆ 7E\\
(A ∆ 7E\
CHAPTER 3 National Income slide 39
áp án
G∆ \Aa3 5 & = ∆ − ∆ − ∆ − ∆
\AF \Aa & = ∆ + ∆ − ∆
EA \ \G∆ = −
\Aa \ \*A E\ aG∆ = × =
\AF \ \A E\ FG∆ = × =
.de F\ E\ F\ 4(A \ ∆ = × ∆ = × =
\AF \AF F\\ b\AG ∆ = × ∆ = × =
= ∆ − ∆ − ∆
CHAPTER 3 National Income slide 40
tho lu
n ngoài l:
Thng d và thâm ht ngân sách
2 f &N4
H<)$
!" 73& Z 57
>U
(@
A
2 f &O 4
$ =$
!" 73Z& 5
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>U
A
2 f &74
*+
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>o
7\A
CHAPTER 3 National Income slide 41
Ngân sách chính ph liên bang M
3& ] 5M$HVXd
-12
-8
-4
0
4
1940 1950 1960 1970 1980 1990 2000
%
o
f G
D
P
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8CHAPTER 3 National Income slide 42
N ca chính ph liên bang M
0
20
40
60
80
100
120
1940 1950 1960 1970 1980 1990 2000
%
G
D
P
Trong nhng nm u 90, gn
18 xu trong mi ôla thu
dùng
tr lãi tin n.
(Ngày nay vào khong 9 xu)
Trong nhng nm u 90, gn
18 xu trong mi ôla thu
dùng
tr lãi tin n.
(Ngày nay vào khong 9 xu)
CHAPTER 3 National Income slide 43
ng cung ngu n vn vay
A
G
3 5G & = − − −
g
>
/
)
'#$A4
($' -
v
n
A
CHAPTER 3 National Income slide 44
Cân b!ng trên th trng vn vay
A
G
3A 5
3 5G & = − − −
Lãi su t th
c
cân bng
Mc
u t cân
bng
CHAPTER 3 National Income slide 45
Vai trò c bit ca r
A o
<p
-
*+
%-
#
$'# %-
'
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D
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1
3 5 '# '
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#
5
' 4
1
*+
%,
'
1
*+
%,
#
$⇔
CHAPTER 3 National Income slide 46
Tho lun ngoài l: thu hiu các
mô hình
I<</
"$4*Q
&
wwC
EA x
#$
0#
'#*
#$#
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*
A
S
*A =
S(
A "
6
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-
$
R9()
/
n
:)
%$
*#FA
CHAPTER 3 National Income slide 47
Thu hiu mô hình vn vay
EA D6
n#( <
-
>#
A
>U
A U
#$C '
$y &
*A
>
A 8U
A
6
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0
8
>
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9CHAPTER 3 National Income slide 48
Tình hung
Thâm ht ca chính quyn Reagan
1U
zM
%$
6
B
&a\C
♦ B
, W
C ∆N\
♦ wQ
C ∆&O\
gM$/
h
4 U
# #
> C
3 5G & = − − −
G↑ ↓ & G↓ ↑ ↓
CHAPTER 3 National Income slide 49
1. Thâm ht ca chính quyn Reagan
A
G
EG
3A 5
AE
E
AF
2. …nó làm tng lãi
su t…
F
3. …làm gim mc
u t.
1. S
gia tng thâm
ht làm gim tit
kim…
FG
CHAPTER 3 National Income slide 50
S liu trong th c t có nht quán vi kt
qu phân tích này không?
*
E^`\ E^a\
& Z ZF4F Z_4^
G E^4c E`4b
A E4E c4_
E^4^ E^4b
*
E^`\ E^a\
& Z ZF4F Z_4^
G E^4c E`4b
A E4E c4_
E^4^ E^4b
T–G, S, và I c th hin di dng % ca GDP
S liu c tính bình quân cho c
thp k.
CHAPTER 3 National Income slide 51
Bây gi b
n hãy…
[J*<p$/
'
' A
V9%+
'
+
#B
;
>
A
IJ! %'Ki"'#&L
3V9%+
& /
5
CHAPTER 3 National Income slide 52
Thu hiu mô hình vn vay
FA D6
#( <
-
&C
A
6
/
>
2
()
;
*
# 4($
>#
$&
K
*A
6
8
&
2 U
()
&
CHAPTER 3 National Income slide 53
S gia t"ng cu u t
S gia tng
cu u t…
A
G
G
A
A
…làm tng
lãi su t.
Tuy nhiên mc u
t cân bng không
tng bi vì cung
ngun vn vay là c
nh.
Simpo PDF Merge and Split Unregistered Version -
10
CHAPTER 3 National Income slide 54
Tit kim và lãi sut
gQ$
>)'#$A L
m>;B
&&JL
Z A JB
' L
Z .n&
*+
J L
CHAPTER 3 National Income slide 55
S gia t"ng cu u t khi tit kim ph
thuc vào lãi sut
Lãi su t th
c r
2. ... tng
lãi sut
thc…. .
u t, Tit kim I, S
S(r)
A
B
1. S gia
tng cu
u t . ..
3. ... và tng
mc u t và ti
t
kim cân bng
I2
I1
CHAPTER 3 National Income slide 56
Tóm t#t ch
ng
EA g
*8
0*$
,*
'#$
%
/
>
FA 1($
>Q
%
,
!"
$K
T*,
*+
'K
0A
_A D
#
!"0>"/
M$
/4
$
'K
*
*+
'K
3
5A
CHAPTER 3 National Income slide 57
Tóm t#t ch
ng
bA R
9()
$
,(k
3)'#$
()
5
&
3)'#$i";5
,U
3
$Q
5
GA ei";o
<
*+
'#&'
#
$'#(')
'
'
CHAPTER 3 National Income slide 58
Tóm t#t ch
ng
cA R;h
(
#
$i"B
'#&A
R;B
&&#B
i"4
,
/
8
n&
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A
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1kinh t v mô
bn th nm
N. Gregory Mankiw
Bài ging ca Phm Th Anh
[email protected]
(dch và sa theo bài ging ca Ron Cronovich)m
ac
ro
© 2002 Worth Publishers, all rights reserved
CHNG 4
Tin t và Lm phát
CHAPTER 4 Money and Inflation slide 1
Trong ch ng này bn s
hc
!"
# $$ % &'(
%)*+ ,-.
/01)'0&.
CHAPTER 4 Money and Inflation slide 2
Lm phát M & xu h
ng ca nó, 1960-2001
0
2
4
6
8
10
12
14
16
1960 1965 1970 1975 1980 1985 1990 1995 2000
%
n
m
inflation rate
CHAPTER 4 Money and Inflation slide 3
Lm phát M & xu h
ng ca nó, 1960-2001
0
2
4
6
8
10
12
14
16
1960 1965 1970 1975 1980 1985 1990 1995 2000
%
n
m
inflation rate inflation rate trend
CHAPTER 4 Money and Inflation slide 4
Mi liên h gia tin và giá c
23456)787
98: ),;.
5*< 6
8
&'.
=' *'?
@8 6>A, B 98
?
?&4 C
D'E.
CHAPTER 4 Money and Inflation slide 5
Tin: nh ngha
&*<&D
E
DFD&DG
01H 4
8'0% .
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2CHAPTER 4 Money and Inflation slide 6
Tin: các chc nng
@8DG01E
8 B
D: 8I4D8*J
8
J%
K*+'*+
&)%
CHAPTER 4 Money and Inflation slide 7
Money: types
L CM E)%
L 01NB @88DG01
L E)%
L 01N O&?
P )' )Q
)8
CHAPTER 4 Money and Inflation slide 8
Câu hi Tho lun
RS &'D8&T
8. 2U
,. VA
. 2G)' &C' E
DA
W*' 6X
0. " Y01
>. " :G
W*< K& G ECZX
CHAPTER 4 Money and Inflation slide 9
Cung tin & chính sách tin t
&*<DF E
)'C.
! &4 C
D' .
CHAPTER 4 Money and Inflation slide 10
Ngân hàng trung ng
"D 4*< H 4,[
"
#
*\ .
]^_?
&
)*J
*< K&
$%
&'(
W!>)*#X.
Toà nhà Cc D tr Liên bang
Washington, DC
CHAPTER 4 Money and Inflation slide 11
Các th
c o cung tin, tháng T 2002
`a4 " &D,8'O aP*<W3X`
" 2U bcde.f
^g "hG)@>' 6? ggfi.j
DA 0% ? C'G
E
DA C
^k ^gh C'G E ciej.g
CZl?GC4?
m%)*+4?
&C'G%)*+4
^n ^kh C'G E ejci.i
CZ\? <O8?
DP0* 98 m%)*+4
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3CHAPTER 4 Money and Inflation slide 12
Lý thuyt S lng Tin t
^ JC3
4\P 7
.
op6\C4 !+,-#
./#q
CHAPTER 4 Money and Inflation slide 13
Tc lu chuyn
C4 J,N &P 8r
)'C
%_8N DP6 OM8),;
88*+DG01)' +CZ
B%
01N2)'7kjjg?
L bcjj3 *< DG01)' 8'0%
L 5bgjj3
L ^sOM8),;*< DG01
)'c8'0% )'7kjjg
L ='?P *
5c
CHAPTER 4 Money and Inflation slide 14
Tc lu chuyn, tip theo
t&0u%_8D8N
=
0
1
)'E
0 5P *
5)% 98B 8'0%
1 5
CHAPTER 4 Money and Inflation slide 15
Tc lu chuyn, tip theo
VG01v=w08_8&,*\
'
)%8'0% .
aE? 2 3
0
1
×
=
)'E
2 5D*< W xDP xv=wX
3 5D*< Wv=wH X
2×3 5)%D*< Wv=w08_8X
CHAPTER 4 Money and Inflation slide 16
Ph ng trình s lng
2#
4 +-#5
1×0 52×3
0HI%_8P *
4.
t& OB: N
E@>'%_8 98 ,.
CHAPTER 4 Money and Inflation slide 17
Cu tin và ph ng trình s lng
1y2 5 +#6? &D: 8 98
.
^ & 6JN
W1y2 X0 573
)'E
7 5*<&K*+PpS
\sO.
W7 &'DX
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4CHAPTER 4 Money and Inflation slide 18
Cu tin và ph ng trình s lng
6N W1y2 X0 573
*J);DP*<N 1×0 52×3
^P4S8 @N 7 5gy0
aK*+S*JPD'
\ 98K W7 \XDP6
88*+DG01 W0
BX.
CHAPTER 4 Money and Inflation slide 19
tr li Lý thuyt S l ng Ti
n t
,p6\*J);DP*<
DG 0 & P%('DN
=0 0
z\%&?*J);DP*<
E
*< *D8
× = ×1 0 2 3
CHAPTER 4 Money and Inflation slide 20
Lý thuyt S lng Tin t, tip theo
^: *< %*&'N
z\ 0 P%? %v=w08
_8 W2×3X
v=wH *< %,[ 8
& & 98C&&DB
W *JnX
^: &
2 5Wv=w08_8XyWv=wH X
× = ×1 0 2 3
CHAPTER 4 Money and Inflation slide 21
Lý thuyt S lng Tin t, tip theo
R\I"*JkN
2P 7 98 ,-\*<,-\
98 P 7.
w*J;DP*'P 7N
1 0 2 3
1 0 2 3
∆ ∆ ∆ ∆
+ = +
∆
>D''>>80
8 '0?0'8 5j.
0
0
0
CHAPTER 4 Money and Inflation slide 22
Lý thuyt S lng Tin t, tip theo
a4 pi WC H | !#X
& 3 4 N
1 2 3
1 2 3
∆ ∆ ∆
= +
2
2
∆
=pi
pi
∆ ∆
= −
1 3
1 3
aID0>)*\
'BN
v8*J
);&8;
*< piN
CHAPTER 4 Money and Inflation slide 23
Lý thuyt S lng Tin t, tip theo
27)*[CM*+rl
DH87 B%
@ }DH87 98 8'0% .
VH87\JDH7)*[
CD~0u.
pi
∆ ∆
= −
1 3
1 3
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5CHAPTER 4 Money and Inflation slide 24
Lý thuyt S lng Tin t, tip theo
∆3y3 1 &'DH87 98
DB&, M4
W+ 'KP&& ')*\ X.
pi
∆ ∆
= −
1 3
1 3
='?VP*<240H,' P
84 $ S8 S8
98P
7 & S8
9834.
CHAPTER 4 Money and Inflation slide 25
S liu quc t v
lm phát tng trng tin t
Inflation rate
(percent,
logarithmic
scale) 1,000
10,000
100
10
1
0.1
Money supply growth (percent, logarithmic scale)
0.1 1 10 100 1,000 10,000
Nicaragua
Angola
Brazil
Bulgaria
Georgia
Kuwait
USA
Japan Canada
Germany
Oman
Democratic Republic
of Congo
CHAPTER 4 Money and Inflation slide 26
S liu ca M v
lm phát tng trng tin t
0 2 4 6
Growth in money supply (percent)
8 10 12
8
6
4
2
0
- 2
- 4
1970s
1910s
1940s
1980s
1960s1950s1990s
1930s
1920s
1870s
1890s
1880s
1900s
Inflation
rate
(percent)
CHAPTER 4 Money and Inflation slide 27
0
2
4
6
8
10
12
14
16
1960 1965 1970 1975 1980 1985 1990 1995 2000
%
pe
r
ye
a
r
inflation rate inflation rate trend
Lm phát & Tng trng tin t ca M,
1960-2001
CHAPTER 4 Money and Inflation slide 28
0
2
4
6
8
10
12
14
16
1960 1965 1970 1975 1980 1985 1990 1995 2000
%
pe
r
ye
a
r
inflation rate M2 growth rate inflation rate trend M2 trend growth rate
Lm phát & Tng trng tin t ca M,
1960-2001
CHAPTER 4 Money and Inflation slide 29
Thu lm phát
t
&CM7'U
,)? 9 E
.
!='8# E*< I4
*< K& 6-9
6-9N
7)8.P
* C'&'*+S.
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6CHAPTER 4 Money and Inflation slide 30
Lm phát và lãi sut
DB08_8?
CM*'
DB08_8?
*'N
5 − pi
CHAPTER 4 Money and Inflation slide 31
Hiu ng Fisher
w*J); D>)N 5 hpi
"*J nN: 5; % .
='?DH 87 98 pi
0u DH 87*J:
98.
^P84 $ &
*< K& <! =
) *.
CHAPTER 4 Money and Inflation slide 32
Lm phát và lãi sut danh ngha
U.S., 1952-1998
%
16
14
12
10
8
6
4
2
0
-2
Lãi sut
danh ngha
t l
lm phát
1950 1955 1960 1965 1970
Nm
1975 1980 1985 1990 20001995
CHAPTER 4 Money and Inflation slide 33
Lm phát và lãi sut danh ngha
các n
c
Inflation rate (percent, logarithmic scale)
Nominal
interest rate
(percent,
logarithmic
scale)
100
10
1
1 10 100 1000
Kenya
Kazakhstan
Armenia
Nigeria
Uruguay
United Kingdom
United States
Singapore
Germany
Japan
France
Italy
CHAPTER 4 Money and Inflation slide 34
Bài tp:
vDG 0 & P%? 1 7c 7? 3 7
k 7? & 5i.
8. 2 WDB08_8X.
,. R>0 7P 7
k
7? ∆ .
. vDGP 73 P rg
7.
t;D~)8\piT
>0&;
Spi P%T
CHAPTER 4 Money and Inflation slide 35
áp án:
8. 2)*\ ? ; pi 5c− k5n.
V8E? ; 5 hpi 5ihn5f.
,. ∆ 5k?,-\DH87 98P 7
.
. R>0 CM:;? ∆pi 5g.
t
P?>0P 7
g
6)7s7.
vDG0 P%? 1 7 c 7? 3 7
k 7? & 5i.
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7CHAPTER 4 Money and Inflation slide 36
Hai lãi sut thc t
pi 53 4 H
WCM,*< '\CE )8X
pi> 53 4 CZ K
pi> 5DBH #>N
& : DBK*+CZ K+
K 8)'U 8
pi 5DBH N
& : DB& K*+H DH
*< I )'U ) 'C'
8
CHAPTER 4 Money and Inflation slide 37
Cu tin và lãi sut danh ngha
VP*<24%)- 6
DP0*H x1 &'
H 3.
o+ @8>A P
% 6C N DB08_8.
DB08_8 & J 98
4 SW8;S)'U
&D EDBC X.
='? ↑ ↓ 6.
CHAPTER 4 Money and Inflation slide 38
Hàm cu tin
W1y2X0 5 6H ? 1
&'
& J 984 S
0*J&' 3
3 &\ &
0'? 6J
W& *< DG01
,
0{& 6
,[;&&D E8C' 8'
B.X
( ) ( , )01 2 & 3=
CHAPTER 4 Money and Inflation slide 39
Hàm cu tin
aK*+%S8)
?KCM,D~&,8'
.
='?DB08_8*[
6& hpi>.
( ) ( , )01 2 & 3=
( , )*& 3+= pi
CHAPTER 4 Money and Inflation slide 40
Cân bng
( , )*1 & 3
2
= + pi
"DP0*
H "6H
CHAPTER 4 Money and Inflation slide 41
Cái gì quyt
nh cái gì
,DP *< % W)'0&X
1 'D WR|2X
x
: 5;
3
( , )*1 & 3
2
= + pi
W ? X3 ) 8 &=
2 x
W ? X
1
& 3
2
=
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8CHAPTER 4 Money and Inflation slide 42
2 phn ng th nào v
i ∆1
z\S)%B% 98 ?3?&
pi>?
DH8
98 1 C '2 8
Q34 $$$ P*>'
VP*<24.
( , )*1 & 3
2
= + pi
CHAPTER 4 Money and Inflation slide 43
Lm phát k vng
2)'0&? '*+CMp D861
)'4 0H ,' 8''U B?
0'),; pi> 5pi.
2)'p?pi> E
8
CK*+ E
M\.
z=N v DG R|2 M,')-)'7\K
D~ 71 . ^K*+D~ CZ K: 2 )'
7\ 8'J?0' pi> 7.
t&D~ *[2 4?U 0Q 1
*8 8
.
W>'qX
CHAPTER 4 Money and Inflation slide 44
2 phn ng v
i ∆pie th nào
( , )*1 & 3
2
= + pi
↑ ↑ W>D>)X* pi
( )0 1 2 ↓
( ) ↑ C> ' 8
0>C' )88 8,8
2 1 2
z\S)%B% 98 ?3?&1 ?
CHAPTER 4 Money and Inflation slide 45
Câu hi tho lun
-9-- ?!@
)8 ;P\ T
4CB S E
E.
2)&'0&.
V* &C.
CHAPTER 4 Money and Inflation slide 46
Mt nhn thc sai lm ph bin
V86
,N
&*JH
t& x@)'p?C
*J08_8,% P%,[ <
O.
W"*J nX2)'0&?
*J H *< %,[
8' &D},8' ?
:CM: 834.
>ADP4q
CHAPTER 4 Money and Inflation slide 47
Thu nhp trung bình theo gi & CPI
0
2
4
6
8
10
12
14
16
18
1964 1968 1972 1976 1980 1984 1988 1992 1996 2000
$ p
er
ho
u
r
0
25
50
75
100
125
150
175
200
225
250
CP
I (1
98
3=
10
0)
Average
hourly
earnings
Hourly earnings
in 2001 dollars
Consumer
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9CHAPTER 4 Money and Inflation slide 48
Quan im c in v lm phát
8
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1kinh t v mô
bn th nm
N. Gregory Mankiw
Bài ging ca TS Phm Th Anh
[email protected]
(dch và sa theo bài ging ca Ron Cronovich)m
ac
ro
© 2002 Worth Publishers, all rights reserved
CHNG 5
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NX và Thâm h
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Các nhân t xác nh
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