Scribd Logo
Upload

Welcome to Scribd!

  • Pembagian Tugas Macro KLP 3

    Uploaded by

    Tri Widyastuti
    12 views1 page
    Chapter 5 discusses inflation, its causes and effects. It covers the quantity theory of money, how printing money leads to seigniorage revenue, and how inflation affects interest rates. It then analyzes the social costs of both expected and unexpected inflation. The chapter also examines hyperinflation, its severe costs, and what causes it. It concludes by discussing the classical dichotomy between money and the real economy.

    Original Description:

    Original Title

    Pembagian Tugas Macro Klp 3

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Chapter 5 discusses inflation, its causes and effects. It covers the quantity theory of money, how printing money leads to seigniorage revenue, and how inflation affects interest rates. It then analyzes the social costs of both expected and unexpected inflation. The chapter also examines hyperinflation, its severe costs, and what causes it. It concludes by discussing the classical dichotomy between money and the real economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Pembagian Tugas Macro KLP 3

    Uploaded by

    Tri Widyastuti
    Chapter 5 discusses inflation, its causes and effects. It covers the quantity theory of money, how printing money leads to seigniorage revenue, and how inflation affects interest rates. It then analyzes the social costs of both expected and unexpected inflation. The chapter also examines hyperinflation, its severe costs, and what causes it. It concludes by discussing the classical dichotomy between money and the real economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Chapter 5

    Inflation: Its Causes, Effects, and Social Costs

    5-1 The Quantity Theory of Money


    - Transactions and the Quantity Equation
    - From Transactions to Income
    - The Money Demand Function and the Quantity Equation
    - The Assumption of Constant Velocity
    - Money, Prices, and Inflation

    5-2 Seigniorage: The Revenue From Printing Money

    5-3 Inflation and Interest Rates


    - Two Interest Rates: Real and Nominal
    - The Fisher Effect
    - Two Real Interest Rates: Ex Ante and Ex Post

    5-4 The Nominal Interest Rate and the Demand for Money
    - The Cost of Holding Money
    - Future Money and Current Prices

    5-5 The Social Costs of Inflation


    - The Layman’s View and the Classical Response
    - The Costs of Expected Inflation
    - The Costs of Unexpected Inflation
    - One Benefit of Inflation

    5-6 Hyperinflation
    - The Costs of Hyperinflation
    - The Causes of Hyperinflation

    5-7 Conclusion: The Classical Dichotomy

    NOTE :

    Ungu = gery

    Ijo = wayan

    Merah = hilda

    Biru = m3

    Hitam = ai

    You might also like