Macro Lecture ch06 cpi

8/9/2019 Macro Lecture ch06 cpi

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@cgrsviek tlc Bart aj Miziek

,bl :)

Dv% Hgtlcviec Rgscv

^viebi~mcr aj @gbvacbaea`ibr

CBA 6>7>


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Azcvzic{?

I% Tlc Baers`cv vibc Iedc| ged Iejmgtiae

II% Tlc B^I zr tlc KD^ Dcjmgtav

III% Atlcv vibc Iedibcr

IZ% Dammgv Jiksvcr jva` Dijjcvcet Ti`crZ% Iedc|gtiae

ZI%Vcgm ged Ea`iegm Ietcvcrt Vgtcr


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Iejmgtiae ir ge iebvcgrc ie tlc~vibc mczcm%

jav`smg?

Iejmgtiae Vgtc 0 ^vibc Mczcm 6 ^vibc Mczcm 7 | 7>>

, ) ^vibc Mczcm 7

Tlc iejmgtiae vgtc ir tlc~cvbcet blgekc ie tlc ~vibc mczcm%


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Iejmgtiae Vgtc

6>>3? bget bgmbsmgtc

6>>:? ,7;7%4 7>>)!7>> | 7>> 0 ;7%4#6>>;? ,64> 7;7%4)!7;7%4 | 7>> 0 4>#

Vcbgmm? Tlc KD^ dcjmgtav ir aec `cgrsvc aj tlc ~vibc

mczcm%

KD^ Dcjmgtavr

6>>3? 7>>

6>>:? 7;7%4

6>>;? 64>


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Iertcgd aj sriek tlc KD^ Dcjmgtav ta `cgrsvc tlc ~vibc

mczcm {c basmd src tlc Baers`cv ^vibc Iedc|%

I% Tlc Baers`cv vibc Iedc| `cgrsvcr blgekcr ie tlcazcvgmm bart aj tlc kaadr ged rcvzibcr tlgt g ty~ibgm

lasrclamdfsyr%

Ba`~imcd `aetlmy fy tlc Fsvcgs ajMgfavRtgtirtibr%{{{%fmr%kaz


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G% La{ ta Bgmbsmgtc?

7% dcbidc ae gfgrhct aj kaadr

6% jied~vibcr jav tlc kaadr

2% ba`~stc tlc bart aj tlc fgrhct

4% blarc gfgrc ycgvged ba`~stc tlc iedc|


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7% La{ ir tlc fgrhct dcbidcd1

Dctgimcd c|~ceditsvc iejav`gtiae ir bammcbtcd jva`jgìmicr ged iedizidsgmr ae {lgt tlcy gbtsgmmyfasklt%

- Baers`cv C|~ceditsvc Rsvzcyr jav 6>>3 ged 6>>:

- ;>>> jgìmicr jva` gvased tlc basetvy ~vazidcd

iejav`gtiae cgbl wsgvtcv ae tlciv r~cediek lgfitr

- geatlcv ;>>> jgìmicr ie cgbl aj tlcrc ycgvr hc~t digvicr

mirtiek czcvytliek tlcy fasklt dsviek g 6-{cch ~cviad


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Azcv tlc 6 ycgv ~cviad tlce c|~ceditsvc iejav`gtiae

bg`c jva` g~~va|i`gtcmy 6>> {cchmy digvicr ged

:>>>> wsgvtcvmy ietcvzic{r srcd ta dctcvìec tlc

i`~avtgebc av {ciklt aj tlc àvc tlge 6>> itc`

bgtckavicr ie tlc BÎ iedc| rtvsbtsvc%


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FMR lgr bmgrrijicd gmm c|~ceditsvc itc`r ieta `avc tlge

6>> bgtckavicr gvvgekcd ieta ciklt `goav kvas~r?

42%4

73%2

73%;

:%2

:%4

3%;

2%;2%4

Baetcetr aj tlc Fgrhct

Lasriek

Tvger~avtgtiae

Jaad ged Fczcvgkcr

Cdsbgtiae gedBa``seibgtiae@cdibgm Bgvc

Vcbvcgtiae

G~~gvcm

Atlcv Kaadr ged Rcvzibcr


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Tlc B^I dacr eat iebmsdc iezcrt`cet itc`r rsbl gr

rtabhr faedr vcgm crtgtc ged mijc iersvgebc%

- Tlcrc itc`r vcmgtc ta rgziekr ged eat ta dgy-ta-dgybaers`~tiae c|~cercr%


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Jav cgbl aj tlc `avc tlge 6>> itc` bgtckavicr sriek

rbicetijib rtgtirtibgm ~vabcdsvcr tlc Fsvcgs lgr blarcerg`~mcr aj rczcvgm lsedvcd r~cbijib itc`r {itlie

rcmcbtcd fsriecrr crtgfmirl`cetr jvcwscetcd fy

baers`cvr ta vc~vcrcet tlc tlasrgedr aj zgvicticr

gzgimgfmc ie tlc `gvhct~mgbc%

C|? Ie g kizce rs~cv`gvhct tlc Fsvcgs `gy

blaarc g ~mgrtib fgk aj kamdce dcmibiasr g~~mcr

S%R% c|tvg jgeby kvgdc {cikliek 4%4 ~asedr ta

vc~vcrcet tlc G~~mcr bgtckavy%


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2% La{ ir tlc bart aj tlc fgrhct ba`~stcd1

C|g`~mc? Rs~~arc tlc fgrhct baetgier 4 radgr ged 6latdakr%

ycgv ^radg ^latdak

6>>3 $7 $66>>: $6 $2

6>>; $2 $4

Bart aj fgrhct?6>>3? ,7),4) ( ,6),6) 0 $>:? ,6),4) ( ,2),6) 0 $74

6>>;? ,2),4) ( ,4),6) 0 $6>


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4% La{ ir tlc Iedc| ba`~stcd1

Jav`smg jav tlc Iedc|?

B^IycgvG 0 bart aj fgrhct ie ycgvG | 7>>

bart aj fgrhct ie fgrc ycgv

Baetiesiek asv c|g`~mc rs~~arc tlc fgrc ycgv ir 6>>3%


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Bart aj fgrhct?

6>>3? ,7),4) ( ,6),6) 0 $>:? ,6),4) ( ,2),6) 0 $74

6>>;? ,2),4) ( ,4),6) 0 $6>

B^I?6>>3? > 0 7>>

6>>:? 74!< | 7>> 0 7;3

6>>;? 6>!< | 7>> 0 63>

Eatc? Ie tlc fgrc ycgv- tlc B^I ir gm{gyr 7>>%


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F% Sriek tlc B^I ta bgmbsmgtc iejmgtiae

Bgmbsmgtc tlc iejmgtiae vgtc jav Dcbc`fcv 6>7>?iejmgtiae Dcbc`fcv 6>7> 0

679%7;9 67>

67%7;#

Bgmbsmgtc tlc iejmgtiae vgtc jva` Ogesgvy 6>>> ta

Dcbc`fcv 6>7>?

iejmgtiae Dcbc`fcv 6>7> 0679%7;9 7:>

7:


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B% Ra`c ^vafmc`r {itl tlc B^I?

Rsfrtitstiae Figr? [lce tlc ~vibc aj g kaad blgekcr

baers`cvr ajtce vcr~aed fy ~svblgriek g dijjcvcet

~vadsbt ie itr ~mgbc%

Ietvadsbtiae aj Ec{ Kaadr? Fcbgsrc tlc `gvhct

fgrhct ir eat blgekcd baertgetmy ec{ kaadr gvc ajtce

mcjt ast aj tlc fgrhct


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Se`cgrsvcd Wsgmity Blgekc?G

ttc`~tr gvc `gdc tagdosrt jav wsgmity blgekcr fst wsgmity blgekcr gvc lgvd ta

`cgrsvc%

@art rtsdicr iedibgtc tlgt tlc B^I azcvrtgtcr tlc vgtc ajiejmgtiae fy gfastaec ~cvbcetgkc~aiet~cv ycgv%


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II% Tlc BÎ zr tlc KD^ Dcjmgtav

Riìmgvity?

fatl tvy ta `cgrsvc blgekcr ie tlc~vibc mczcm

Dijjcvcebc?

7) BÎ ir fgrcd ae kaadr tlgt baers`cvr fsyfst KD^

Dcjmgtav ir fgrcd ae gmm kaadr ~vadsbcd ie g egtiae

6) BÎ srcr g ji|cdfgrhct fst KD^ Dcjmgtav srcr tlc

gbtsgm wsgetiticr tlgt lgzc fcce ~vadsbcd


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III% Atlcv ^vibc Iedibcr

Tlc vadsbcv vibc Iedc| ,^Î) `cgrsvcr blgekcr ie

tlc rcmmiek ~vibcr vcbcizcd fy da`crtib ~vadsbcvr jav

tlciv ast~st%

-fcbgsrc jiv`r czcetsgmmy ~grr ae liklcv bartr ta

baers`cvr ie tlc jav` aj liklcv ~vibcr tlc ^Î ir

fcmiczcd ta fc srcjsm ie~vcdibtiek blgekcr ie tlc

BÎ

- gmra gzgimgfmc fy iedsrtvy av ty~c aj kaad

,c|? kvabcvy `cdibgm cmcbtvib ~a{cv)


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I`~avt!C|~avt ^vibc Iedc|cr ,@\^) `cgrsvcr

blgekcr ie tlc ~vibcr aj eae`imitgvy kaadr ged

rcvzibcr tvgdcd fct{cce tlc S%R% ged tlc vcrt aj tlc{avmd%


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Ae g lgmj rlcct aj ~g~cv

7% c|~mgie aec baebc~t yas mcgvecd tadgy

6% eatc tlc baebc~t tlgt yas jied tlc `art jsy


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IZ% Dammgv Jiksvcr jva` Dijjcvcet Ti`cr

Ie avdcv ta `ghc g `cgeiekjsm ba`~gvirae aj dammgv

jiksvcr azcv ti`c yas eccd ta gdosrt javtlc cjjcbtr aj

iejmgtiae%

Jav`smg?

$ zgmsc ie 0 $ zgmsc ie | ~vibc mczcm ie ycgvG

ycgvG ycgv F ~vibc mczcm ie ycgv F


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C|? Yasv jgtlcv kvgdsgtcd jva` bammckc ged taah lir

jivrt oaf ie 79;6% Lc {gr ~gid g rgmgvy aj $7>>>>% [lgtir tlgt rgmgvy {avtl ie 6>>< dammgvr1 Ie 79;6 tlc B^I

{gr 47%< ged ie 6>>< tlc B^I {gr 673%2%

$ zgmsc ie 06>>>>> | 673%247%;

6>>>< it {asmd tghc $373>; ta fsy {lgt $7>>>>

basmd fsy yas ie 79;6%


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[lce `ghiek ba`~gviraer {lgt ij yas daet gdosrt

dammgv jiksvcr jav iejmgtiae1

Vgeh Titmc Rtsdia Mijcti`c Kvarr Ycgv

7 Gzgtgv Ja| $:76-:92->>> 6>>9

6 Titgeib ^gv% $:>>-;-99>; 79;;

3 Rlvch 6 D[ $447-66:-64; 6>>4

: C%T%? Tlc C|tvgTcvvcrtvigm Sei% $423-77>-334 79:

9 R~idcv@ge Raey $4>2-;>:-2;3 6>>6

7> Tvgerjav`cvr? Vczcekc aj tlc Jgmmce ^!D[ $4>6-777- 6>>9

Rasvbc? fa|ajjibc`aoa%ba`

Da`crtib Fa| Ajjibc Rgmcr


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Rasvbc? fa|ajjibc`aoa%ba`

Vgeh Titmc Rtsdia Gdosrtcd Segdosrtcd Ycgv7 Kaec {itl tlc [ied @K@ $7-32;-339-:>> $79-7>> $4:>-99>; 79;;

2 Tlc Rased aj @srib Ja| $7->> $73;9-377-3>> $423-77>-334 79->>> $:3-3>>->>> 793:

: Titgeib ^gv% $9;:-;76-6>> $:>>-;>>->>> 79;3

< Dabtav _lizgka @K@ $944-:;>-> $777-;67-97> 79:3

9 Tlc C|avbirt [F $> $626-:;7->77 79;2

7> Rea{ [litc ged tlc Rczce D{gvjr Dir% $->>> $7> $:76-:92->>> 6>>9


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Z% Iedc|gtiae ir ge gsta`gtib bavvcbtiae aj g dammgv

g`aset jav tlc cjjcbtr aj iejmgtiae

- fy mg{ av fy baetvgbt

@gey kazcve`cet tvgerjcv ~vakvg`r src iedc|gtiae jav

fcecjitr%

@gey mgfav baetvgbtr iebmsdc bart aj miziek gmma{gebcr%


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ZI% Vcgm ged Ea`iegm Ietcvcrt Vgtcr

Tlc ea`iegm ietcvcrt vgtc ir tlc ietcvcrt vgtc gr vc~avtcd%- tlc vgtc yas rcc ae yasv bvcdit bgvd rtgtc`cet

- tlc vgtc yas ~gy ae yasv bgv mage

Tlc vcgm ietcvcrt vgtc lgr fcce gdosrtcd jav iejmgtiae%


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Vcmgtiaerli~?

ea`iegm 0 vcgm ( iejmgtiae

ietcvcrt vgtc ietcvcrt vgtc vgtc

i 0 v (


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Ietsitiae?

Yas dc~arit $7>>> ieta g fgeh gbbaset tlgt ~gyr yas

7># ietcvcrt% Aec ycgv mgtcv yas lgzc $77>>%

Ij iejmgtiae tlgt ycgv ir?

># tlce yasv ~svblgriek ~a{cv lgr iebvcgrcd fy 7>#

6# tlce yasv ~svblgriek ~a{cv lgr iebvcgrcd fy # tlce yasv ~svblgriek ~a{cv lgr eat blgekcd

73# tlce yasv ~svblgriek ~a{cv lgr dcbvcgrcd fy 3#

Ij tlcvc ir 6# dcjmgtiae tlgt ycgvyasv ~svblgriek ~a{cv lgr iebvcgrcd fy 6#

[lgt `gttcvr ta yas ir tlc~svblgriek ~a{cvaj yasv

`aecy%


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Gr g favva{cv sec|~cbtcd iejmgtiae lcm~r yas%

- kct tlc ~svblgriek ~a{cv ea{

- ~gy fgbh tlc `aecy azcv ti`c

- iejmgtiae cger yas gvc ~gyiek fgbh mcrr~svblgriek ~a{cv

Gr g mcedcv sec|~cbtcd iejmgtiae lgv`r yas%

- vcbcizc tlc ea`iegm ietcvcrt vgtc- gjtcv gdosrtiek jav iejmgtiae yasv vcgm vgtc ir mcrr


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Tlc baers`cv ~vibc iedc| ir ge i`~cvjcbt `cgrsvc ajtlc bart aj miziek jav tlvcc vcgraer%

Mihc tlc baers`cv ~vibc iedc| tlc KD^ dcjmgtav gmra

`cgrsvcr tlc azcvgmm mczcm aj ~vibcr ie tlc cbaea`y%

Gmtlaskl tlc t{a ~vibc iedc|cr srsgmmy `azc takctlcv

tlcvc gvc i`~avtget dijjcvcebcr%


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Dammgv jiksvcr jva` dijjcvcet ti`cr da eat vc~vcrcet g

zgmid ba`~gvirae aj ~svblgriek ~a{cv%

Zgviasr mg{r ged ~vizgtc baetvgbtr src ~vibc iedc|cr tabavvcbt jav tlc cjjcbtr aj iejmgtiae%

G bavvcbtiae jav iejmgtiae ir cr~cbigmmy i`~avtget {lce

maahiek gt dgtg ae ietcvcrt vgtcr%


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Ae g lgmj rlcct aj ~g~cv

7% c|~mgie aec baebc~t yas mcgvecd tadgy

6% eatc tlc baebc~t tlgt yas jied tlc `art jsy

Macro Lecture ch06 cpi

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