Tag Archives: mankiw

Money Growth and Inflation

The principle of monetary neutrality asserts that changes in the quantity of money influence nominal variables but not real variables. One application of monetary neutrality is the Fisher effect: when the inflation rate rises, the nominal interest rate rises by the same amount so that the real interest rate remains the same. Continue reading

Posted in 读书时代 | Tagged , , , | Leave a comment

曼昆《经济学原理》中文版第五版 在路上

前两天在 China-Pub 上购买了 曼昆的《经济学原理》中文第五版。现在已在路上,估计这几天就可以收到了。宏观、微观两册只要72元, RMB!其实英文版4th edition 还有1/5 没有看完,但是觉得这书实在写得不错,喜欢的很,现在有最新中文版,一看到就买了。 Continue reading

Posted in 读书时代 | Tagged , , , | Leave a comment

The Monetary System

A central bank is an institution designed to oversee the banking system and regulate the money supply. The central bank has three tools in its monetary toolbox: open-market operations, reserve requirement, and the discount rate. Continue reading

Posted in 读书时代 | Tagged , , , | Leave a comment

Unemployment

The labor force is the total number of workers, including both the employed and the unemployed. The unemployment rate is the percentage of those who would like to work and do not have jobs. Frictional unemployment is inevitable simply because the economy is always changing. Unemployment insurance, while reducing the hardship of unemployment, increases the amount of frictional unemployment. The unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one is called structural unemployment, which is often thought to explain longer spells of unemployment. Continue reading

Posted in 读书时代 | Tagged , , , , , | Leave a comment

The Basic Tools of Finance

The field of finance studies how people make decisions regarding the allocation of resources over time and the handling of risk. Continue reading

Posted in 读书时代 | Tagged , , , , | Leave a comment

Saving, Investment, and the Financial System

The financial system consists of those institutions in the economy that help to match one person’s saving with another person’s investment. At he broadest level, the financial system moves the economy’s scarce resources from savers to borrowers. Savers supply their money to the financial system with the expectation that they will get it back with interest at a later date, while borrowers demand money from the financial system with the knowledge that they will be required to pay it back with interest at a later date. Continue reading

Posted in 读书时代 | Tagged , , , , | Leave a comment

Production and Growth

The explanation of the large variation in living standard around the world can be summarized in a single word – productivity. Productivity is the quantity of goods and services produced from each unit of labor input. Continue reading

Posted in 读书时代 | Tagged , , , , | Leave a comment

Measuring the Cost of Living

The consumer price index (CPI) is a measure of overall cost of the goods and services bought by a typical consumer. When the CPI rises, the typical family has to spend more money to maintain the same standard of living. The inflation rate is the percentage change in the price index from the preceding period. When the inflation rate rises, the economy’s overall price level is rising. The producer price index (PPI) measures the cost of a basket of goods and services bought by firms rather than consumers. Because firms eventually pass on their costs to consumers in the form of higher consumer price, changes in the PPI are often thought to be useful in predicting changes in the CPI. Continue reading

Posted in 读书时代 | Tagged , , , , | Leave a comment

居民和非居民投资

曼昆在他的博客里贴了一张图,显示了居民投资和非居民投资最近10年来交替变化趋势。虽然仅凭这张图很难说明其它问题,但它还是很有意思的,从这张图里可以窥见到全世界人民对美国金融危机的一些想法。 Continue reading

Posted in 好文共享, 网贴新闻 | Tagged , , | Leave a comment

Measuring a Nation’s Income

曼昆 – 经济学原理 23 Summary of Chapter 23 – Measuring a Nation’s Income 关键词: gross domestic product ( GDP ): 国内生产总值 consumption: 消费 investment: 投资 government purchases: 政府采购 net exports: 净出口 nominal GDP: 名义GDP real GDP: 实质GDP GDP deflator: GDP紧缩指数 … Continue reading

Posted in 读书时代 | Tagged , , , , | Leave a comment