政府预算赤字(government budget deficit)
政府预算赤字(government budget deficit)
政府预算赤字(government budget deficit)
说明影响政府预算赤字的衡量的四个问题。
Describe four problems affecting measurement of the government budget deficit.
为什么许多经济学家预测在以后几十年中预算赤字和政府债务会增加?
Why do many economists project increasing budget deficits and government debt over the next several decades?
B国政府有占国内生产总值(GDP)2%的预算赤字,实际货币需求也每年按国内生产总值的2%增长。政府将赤字货币化。 a.阐述在固定汇率制下,中央银行的外汇储备会有什么变化。 b.在浮动汇率制下,B国的通货膨胀率会是多少? The government of country B has a budget deficit of 2 percent of GDP.Real money demand is also growing at 2 percent of GDP per year.The government monetizes the deficit. a.Under fixed exchange rates,describe the evolution of the foreign reserves of the central bank. b.Under floating exchange rates,what would the rate of inflation be in country B?
假定C国政府占国内生产总值(GDP)6%的预算赤字全部靠货币创造来融资。假定汇率可以浮动,国际通货膨胀每年是3%,货币的周转率固定为4。 a.同这种赤字相一致的通货膨胀率是多少? b.通货的贬值率是多少? Assume that the government of country C is running a budget deficit equal to 6 percent of GDP,financed entirely by money creation.Assume that the exchange rate is allowed to float,international inflation is 3 percent per year,and the velocity of money is fixed at 4. a.What is the rate of inflation consistent with this deficit’? b.What is the rate of depreciation of the currency?
The chapter described how the United States tried after 1985 to reduce its current account deficit by accelerating monetary growth and depreciating the dollar.Assume that the United States was in internal balance but external balance called for an expenditure-reducing policy(a cut in the government budget deficit)as well as the expenditure switching caused by currency depreciation.How would you expect the use of monetary expansion alone to affect the U.S. economy in the short and long runs?
等式SP=I+CA-Sg=I+CA+(T-G)=I+CA+(G-T)告诉我们,为了减少经常项目赤字,一国必须增加私人储蓄,减少国内投资或削减政府预算赤字。但是,正如我们在对20世纪80年代美国与日本经常项目案例研究中所看到的那样,许多人建议以限制从日本和其他国家的进口来减少美国的经常项目赤字。美国设立较高的进口壁垒,对美国的私人储蓄、国内投资和政府财政赤字有什么影响?你是否认为对进口限制一定会削减美国经常项目赤字?
Equation SP=I+CA-Sg=I+CA+(T-G)=I+CA+(G-T)tells ns that to reduce a current account deficit,a country must increase its private saving,reduce domestic investment,or cut its government budget deficit.In the 1980s,many people recommended restrictions on imports from Japan(and other countries)to reduce the American current account deficit.How would higher U.S. barriers to imports affect its private saving,domestic investment,and government deficit? Do you agree that import restrictions would necessarily reduce a U.S. current account deficit?