UC知道请经济专业背景的高手翻译一下文字，不要机翻啊，在线等
来源：百度知道 编辑：UC知道 时间：2024/05/08 10:22:07
One answer to this question involves the comparison of a sticky-price with a flexible-price model. In a model with sticky prices, a reduction in the money supply causes the nominal interest rate to rise and, by the interest parity relationship, the nominal exchange rate to appreciate. The real interest rate, which equals the nominal interest rate minus expected inflation, increases both because of the increase in the nominal interest rate and because there is expected deflation. In a model with perfectly flexible prices, an increase in expected inflation causes the nominal interest rate to increase (while the real interest rate remains unchanged) and the currency to depreciate since excess money supply is resolved through an increase in the price level and thus, by PPP, a depreciation of the currency.
An alternative approach is to consider a model with perfectly flexible prices. As discussed in the preceding paragraph, an increase in expected inflation causes the nominal interest
An alternative approach is to consider a model with perfectly flexible prices. As discussed in the preceding paragraph, an increase in expected inflation causes the nominal interest
1这个问题的答案牵涉到一个比较棘手的价格与灵活的价格模式。在一个模型与粘性价格，减少了在货币供应量的原因名义利率上升，由利益均等的关系，名义汇率升值。实质利率，等于名义利率减去预期通货膨胀率，增加双方因为增加，在名义利率和是因为有预期通缩。在一个完美的模型与灵活的价格，增加在预期通货膨胀的原因名义利率，以增加（而实质利率维持不变）及货币贬值以来，过剩的货币供应量是解决通过增加在价格水平，因此，由购买力平价，贬值的货币。
另一种做法是考虑一个模型完全灵活的价格。作为讨论的上款，增加在预期通货膨胀的原因名义利率，以增加和货币贬值，离开预期实质利率维持不变。如果是有增加，预期实质利率，不过，这意味着预期贬值，实际汇率。如果这一预期贬值是由于目前，临时赞赏，那么，名义汇率可能会明白，如果影响目前的赞赏（旋转汇率向下附表）占主导地位的影响，由于预期贬值（即旋转汇率附表，在向上） 。