cursul 10 (ii) modelul lui dornbusch efectele dinamice ale expansiunii monetare cu e flexibil
TRANSCRIPT
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Efectele dinamice ale expansiunii
monetare în regimul ratei de schimb
flexibile – modelul din 1976 al lui
Dornbusch
Lucian Croitru
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În schimb, din (2) rezultă că preţurile crescătoare
contribuie la reducerea în termeni reali a noului stoc de
bani, ceea ce, având în vedere că yr este dat, determină
creșterea ratei dobânzii.
Atâta timp cât preţurile nu au crescut în aceeaşi măsură
în care s-a devalorizat moneda, iar rata dobânzii nu a
atins nivelul său anterior, va exista un exces de cererere
şi preţurile vor continua să crească.
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