15 *

*

15.1 (GNP) X = M = G = I = C = Y = C + I + G + (X - M)*

15.2 1. (1) (PRIME RATE)(2) (INTERBANK RATE) *

(3) (CALL MONEY RATE)(6) (5) (TB) (CP) (CD) (BA) (4) (DISCOUNT RATE) (Rediscount Rate)(Discount Window)*

2. M1a = + M1b = + = M1a + ( = - )*

= + ( ) + + + + + M2 = + + = M1b + *

(7) (6) (SELECTIVE CONTROLS) (5) (4) (DEPOSIT TRANSFERS)(3) (RESERVE REQUIREMENT)(2) (DISCOUNT RATE) (OPEN MARKET OPERATION)*

3. (inom = ireal + IP + DRP + MRP + LP) (INFLATION PREMIUM) = (CPIt - CPIt-1) / CPIt-1 (CPI) (REAL RATE) = + + + + (Determinants)*

(DEFAULT RISK PREMIUM) (LIQUIDITY PREMIUM) (MATURITY RISK PREMIUM) = - = - = - *

f1 = ( - ) f1 f3 = ( - ) f3 f2 = ( - ) f2 *

15.3 (GATT) 1947 1995 GATT (WTO)] *

15.4 (Inflation Rate) (3) (2) (1) *

[] *

15.5 1. *

M1b

*

2. *

1. + 2. - 3. + 4. + 5. + 6. + 7. + 8. - 9. -10. +11. +12. +

3. *

61/2 - 62.1263/1 - 66/766/8 - 67/1067/11 - 71/8 1113713310 125-514498-322323-626626-442 71/9 - 73/573/6 - 74/774/8 - 79/279/3 - 82/9 19124737 442-869989-637643-11,66111,419-3,832 82/10 - 83/1284/1 - 85/385/4 - 86/886/9 - 88/2 12141515 3,806-7,1207,120-5,0085,060-8,1208,120-6,383 88/3 - 89/389/4-90/990/10-91/491/5-91/4 111561 6,383-10,32810,328-3,6363,636-6,0656,065-4108

15.6 (3o/oo) 1990 9 24 19 3,200 1996 1 4 346 1994 10 13 89 130 1993 12 31 *

*