今天我们过一下宏观部分大家不太熟悉的知识点。
1. Cyclical growth就是actual growth
2. Net investment大于0, productive capacity才会上升
3. Automatic stabiliser和economic cycle有关
4. Employment rate = employment/working age population
5. Employment rate + unemployment rate不等于1
6. TU negotiation和minimum wage都会增加structural unemployment
7. Keynesian认为wage is sticky downwards
8. Inflation expectation和NRU会shift SRPC
9. PPP不一定等于Exchange rate
10. Exchange rate > PPP rate, currency is overvalued
11. Real exchange rate 剔除了inflation的影响
12. Dirty float就是managed float
13. Trade-weighted exchange rate是根据贸易量加权的汇率
14. BOP永远平衡 (Double-entry bookkeeping)
15. Floating er, CAD意味着country是个net borrower
16. Fixed er, CAD意味着CB要用reserves干预汇率
17. GDP不一定能准确衡量output
18. GDP不一定能准确比较国家之间的SOL
19. MPI的indicators
20. C+S=Y; MPC+MPS=1, APC+APS=1
21. MPC可能阶段性大于1
22. 穷人的MPC大于富人
23. MEC是return on capital investment
24. Accelerator theory: net investment由rate of change of income决定
25. 所有autonomous spending都有multiplier effect
26. Deflationary gap不是缺了多少output
27. Tax reduction没有full multiplier effect
28. Narrow money = monetary base = C+R; Broad money = MB + money used as store of value
29. Money supply和money是两个概念; MS = C+D
30. Demand for money影响income velocity
31. %ΔM +%ΔV =%ΔP +%ΔT
32. Keynesian认为interest是放弃liquidity的reward
33. Keynesian认为MS增加不改变output是因为liquidity trap
34. Monetarist认为MS增加不改变output是因为inflation expectation会adjust
35. Unanticipated inflation会导致redistribution of income
36. ir上升股票价格下跌
37. QE是central bank买long-term gov bond或者其他assets
38. Impossible trilemma
39. Revaluation有反向J-curve effect
40. Free movement of fop是common market
以上就是今天的内容。祝大家备考顺利！
