通货膨胀对市场均衡利率的影响

来源:百度知道 编辑:UC知道 时间:2024/05/07 08:11:43
请教一下, 是一道基础经济学的题
you hear a news report that inflation rate is higher than expected. How do you expext that report to affect market interest rates?( Hint:assume that central bank have access to the same data that you do and price stability is one of the major objectives of the central bank)
我最想不通的是这样一个矛盾:按理说发生了通货膨胀,使实际货币供应减小,或者说是增大了货币需求,反正怎么着都会使货币需求大于货币供给,(ms左移或者md右移),但是md大于ms,又是通货紧缩 的表现,所以就不懂了。求高人帮忙啊!
那么,在通货膨胀的情况下 ,到底是money supply和money demand到底是谁大呢?
或者说,那个图是demand线右移呢还是supply线右移呢

市场利率将上涨。

通货膨胀由更多纸币造成在市场上比必要。那么中央银行将减少相当数量纸币在市场上。在美国, 它存放的FED 将卖证券(或它以前发布的票据, 笔记), 和购买美元。由做如此, 财宝bonds' 价格将下跌, 并且利率将上涨。

the market interest rate will rise.

inflation is caused by more paper money in the market than needed. so central bank will reduce the amount of paper money in the market. In US, the FED will sell the treasury bonds (or bills, notes) it stored, and buy back the US dollar it issued before. By doing so, treasury bonds' price will fall, and interest rate will rise.

ms和md不平移