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
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?