中级宏观经济学Government DebtPPT.ppt

Government Debt;In this chapter, you will learn…;Indebtedness of the world’s governments;Ratio of U.S. govt debt to GDP;The U.S. experience in recent years;U.S. government spending on Medicare and Social Security;CBO projected U.S. federal govt debt in two scenarios;Problems measuring the deficit;MEASUREMENT PROBLEM 1: Inflation;MEASUREMENT PROBLEM 1: Inflation;MEASUREMENT PROBLEM 2: Capital Assets;MEASUREMENT PROBLEM 3: Uncounted liabilities;MEASUREMENT PROBLEM 4: The business cycle;MEASUREMENT PROBLEM 4: The business cycle;The cyclical contribution to the U.S. Federal budget;The bottom line;Is the govt debt really a problem?;The traditional view;The Ricardian view;The logic of Ricardian Equivalence;Problems with Ricardian Equivalence;Evidence against Ricardian Equivalence?;Evidence against Ricardian Equivalence?;OTHER PERSPECTIVES: Balanced budgets vs. optimal fiscal policy;OTHER PERSPECTIVES: Fiscal effects on monetary policy;OTHER PERSPECTIVES: Debt and politics;OTHER PERSPECTIVES:International dimensions;CASE STUDY:Inflation-indexed Treasury bonds;CASE STUDY:Inflation-indexed Treasury bonds;Chapter Summary;Chapter Summary;Chapter Summary;CHAPTER 13 Aggregate Supply;相同的政策在不同时期的不同结果：;学习目的;三种总供给模型;The sticky-wage model;黏性工资模型;;黏性工资模型;实际工资的 周期性表现;The imperfect-information model;The imperfect-information model;The sticky-price model;The sticky-price model;The sticky-price model;The sticky-price model;The sticky-price model;The sticky-price model;The sticky-price model;总结与含义;总结与含义;Inflation, Unemployment, and the Phillips Curve菲利普斯曲线值得信赖吗？;菲利普斯曲线值得信赖吗？;菲利普斯曲线值得信赖吗？;Inflation, Unemployment, and the Phillips Curve;从SRAS推导 the Phillips Curve;The Phillips Curve 和 SRAS;Graphing the Phillips curve;;Expectations and the Short-Run Phillips Curve;Adaptive expectations;Inflation inertia;提高 降低通货膨胀的两种原因;Shifting the Phillips curve-expectation;降低通货膨胀的代价;Disinflationary Monetary Policy in the Short Run and the Long Run;The sacrifice ratio