英国年的货币和财政政策.pptVIP

The Macroeconomics policy of UK in 2008 Menu Background Macroeconomics policy Conclusion Shifts in the AD and AS Curve Effect analysis Background Macroeconomics policy 1.the Fiscal Policy government purchase：504billion → 508billion basic tax rate：22% public bond: 10years’droped by 3 base point，reached to 4.92% ,while the two years’ maintain to 5.01%. budget deficit：17.11hundred million pound conclusion Macroeconomics policy 2.the Monetary Policy M1 → M2：16912.54 → 18574.69 discount rate ：5.01% → 1.24% The bank’s base rate: 5.5% →2% open-market operation：In the short run, the funding bid add up to 2,120 hundred million pound，which reached an all-time high. conclusion effect analysis positive Unemployment rate and price level all drop regulate the money supply increase the national income to some extent negative have a time-lag didn’t stimulate consumption didn’t increase investment GDP decrease The end Thanks for your attention * 2.4 2008 3.1 2007 2.7 2006 2.3 2005 Inflation rate Years balance-of-payments account of UK 2005-2008 expansionary Fiscal policy moderately loose Monetary Policy  budget deficit public bound government purchase Income tax（tax rate) The bank’s base rate open-market operation M2 discount rate expansionary Fiscal policy moderately loose Monetary Policy  budget deficit public bound government purchase Income tax（tax rate) The bank’s base rate open-market operation M2 discount rate Price level Quantity of output Equilibrium price1 Natural rate of output AD1 AS1 Long-run aggregate supply AS2 AD2 Equilibrium price2 Equilibrium price2 Equilibrium price2 Equilibrium Equilibrium Equilibrium price2 Equilibrium price2 price2 Shifts in the AD and AS Curve *