文档介绍:该【【PPT精品课件】货币金融学7版英文课件--18-大学课件2 】是由【小屁孩】上传分享,文档一共【36】页,该文档可以免费在线阅读,需要了解更多关于【【PPT精品课件】货币金融学7版英文课件--18-大学课件2 】的内容,可以使用淘豆网的站内搜索功能,选择自己适合的文档,以下文字是截取该文章内的部分文字,如需要获得完整电子版,请下载此文档到您的设备,方便您编辑和打印。Chapter18aryPolicy:GoalsandTargets?. HighEmployment2. EconomicGrowth3. PriceStability4. InterestRateStability5. FinancialMarketStability6. ForeignExchangeMarketStabilityGoalsofteninconflict2?:,highunemployment,causesmuchhumanmisery,withpeoplesufferingfinancialdistress,lossofpersonalself-respect,and?,theeconomyhasnotonlyidleworkersbutalsoidleresources,?Becausefrictionalunemployment(whichinvolvessearchesbyworkersandfirmstofindsuitablematchups)isdesirable,andbecausepolicycandolittleaboutstructuralunemployment(duetoamismatchbetweenjobrequirementsandtheskillsofworkers),thegoalofhighemploymentshouldseeknotu=0butu>0consistentwithfullemployment(atwhichthedemandforlaborequalsthesupplyoflabor).??,,policiescanbespecificallyaimedatpromotingeconomicgrowthbydirectlyencouragingfirmstoinvestorbyencouragingpeopletosave,,thisisthestatedpurposeofso-calledsupply-sideeconomicpolicies,?,arypolicybecauseinflationcreatesuncertaintythatmayhampergrowthinflationmakesithardtoplanforthefutureinflationmaystrainacountry’ssocialfabric(bycreatingconflictsbetweendifferentgroups)extremeinflation,knownashyperinflation,leadstoslowergrowthasforexampleinArgentina,Brazil,?-RateStabilityInterest-ratestabilityisdesirablebecausefluctuationsininterestratescancreateuncertaintyandmakeitharder(forbothfirmsandhouseholds)(seeChapter14).6?,,?$?petitivewiththoseabroadanda?,incountrieswhichareevenmoredependentonforeigntrade,?,forexample,highemploymentwitheconomicgrowth,,Pstabilityisinconflictwithistabilityandlowuintheshortrun(butprobablynotinthelongrun).Forexample,whentheeconomyisexpandingandu?both?andimaystartto?.IftheBanktriestopreventan?ini,thismaycausetheeconomytooverheatandstimulate?.ButiftheBank?itoprevent?,intheshortrunumay?.Theconflictamonggoalsmaythuspresentcentralbankswithsomehardchoices!9??2005PearsonEducationCanadaInc.