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2009-02-01

下文中的公式能否一般化?谢谢

14-2 Should Policy Be Conducted by
Rule or by Discretion?
A second topic of debate among economists is whether economic policy should be conducted by rule or by discretion. Policy is conducted by rule if policymakers announce in advance how policy will respond to various situations and com-mit themselves to following through on this announcement. Policy is conductedby discretion if policymakers are free to size up events as they occur and choosewhatever policy seems appropriate at the time.The debate over rules versus discretion is distinct from the debate over passiveversus active policy. Policy can be conducted by rule and yet be either passive oractive. For example, a passive policy rule might specify steady growth in themoney supply of 3 percent per year.An active policy rule might specify that
Money Growth = 3% + (Unemployment Rate − 6%).
Under this rule, the money supply grows at 3 percent if the unemployment rateis 6 percent, but for every percentage point by which the unemployment rate ex-ceeds 6 percent,money growth increases by an extra percentage point.This ruletries to stabilize the economy by raising money growth when the economy is ina recession.

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2009-2-4 13:39:00

我认为这个式子可以一般化,由简单的货币数量论可以看出货币的增长必须要与rgdp的增长一致。

    一般化的式子:货币增长 = rgdp增长 + (u - 自然失业率)。

    但是,我只能说我在理论上同意这个写法,但是究竟有没有这个关系,还需要计量验证。

    

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