宏经inflationandunemployment

Chapter30UnemploymentandInflation,ZhaoHongjunPhDDepartmentofInternationalEconomyandTradeE-mail:hjzhao2002Office:Room342,CollegeofIET,AllrightsreservedbyZhaoHongjun,碾浅彦析胀纹劫品繁套吨沤谚刘嗜借宫应疯南蚜滚廖栋贯睡艰进夯晶获剐宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,1,Topicswewilldiscuss,UnemploymentInflation,怠抖滔采蚀晤稼衣枪数筒峦消硝郎耕存问靳骆煞茅耙容俐茫犯晰裴络睡岸宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,2,A.Unemployment,UnemploymentTheemployed:peoplewithjobsTheunemployed:peoplewithoutjobsbutlookingforjobsThosenotinthelaborforce:peoplewithoutjobswhoarenotlookingforjobsLaborforce,半套讶陛续拘四赂蒋萌职像组攒勉蔡腹车肖玄逐腹庸喊钩涝寿火膀龋钠旦宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,3,KindsofunemploymentFrictionalunemployment:arisesbecauseoftheincessantmovementofpeoplebetweenregions,jobsinordertofindbetterjobsVoluntarilyunemployed,existsevenatfullemploymentStructuralunemployment:arisesbecauseofmismatchbetweenthesupplyofanddemandforworkers,arisesfromstructuralreasonsex.Computerindustrial,textilesindustries,吁簧环辆轿芦招咒棋澜夹羡椎根灵谜谁傀钻引桐凡蛋有贼玛嘴厦崔搂毖幼宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,4,Cyclicalunemployment:occursduringrecessions,whenemploymentfallsasaresultofanimbalancebetweenASandADVoluntaryunemployment:flexiblewagesInvoluntaryunemploymentinflexiblewages,蚌理袋玩胰频假庙解庇烩起剑涌眷址岗范唯盔靛灾徽蚕盾屠铝唤街漏城睛宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,5,Whywagesinflexible?Stickyprices/wagesWagecontractGovernmentadministrationUnionizedlabormarketLabormarketarenoclearingintheshortrun,戮扳拦哺极空稀抨峙舵槽务紧硬燃益抉待怕初莆懊咒睦贬瘁很嘴瓢疽倔桑宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,6,ImpactsofunemploymentLessofgoodsandservices,GDPpotentialGDPLossofincomewealthPsychologicalpressure,恨拂诱冠脊敦绕于菊恩栋缅夜聊滓赔瑶淳呢撂列傀缕拱荤俄蹄药短草凋如宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,7,OkunslawForevery2%thatGDPfallsrelativetopotentialGDP,theunemploymentraterisesabout1%,屯挖蛔酬瘁罗舷和昂掣楞汁耽郸烹阶盂湖售意誓摔钩监纷闰文剑馁煤沥箍宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,8,B.Inflation,Inflation:occurswhenthethegenerallevelofpricesisrisingCategoriesofinflationLowinflationGallopinginflationHyperinflationAnticipatedinflation,nooutputeffectUnanticipatedinflation,outputeffectintheshortrun,爵伟购衅科牵傍峪烫饮吠醒环忙第黑的肆廉流蔚旅暇爸淘泣坊刁掣印乡宏宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,9,Demand-pullinflationCost-pushinflation,洱虞赫闹兵符笆望棍举不榴轨罕荷耽轴胳烂集饼辗巢虞啮悟枯腕牛浪豢回宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,10,Expectationandinertialinflation,习捉给膨谴僻讲违遮事屎瓤樟古煮忆肆流吩磷决徊尺怕好尼戍找胚矿睡凿宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,11,PhillipscurvePhilips,Wt=f(ut)Reason:Wt=+f(L-Ld*)Ut=-g(L-Ld*)P=H(Wt)Policy:inflationut,攫魁宛涯阀卒浊够恤底颈茬厉恳墩拥滓逊辉惹漠秘直奴联搽袄颈宪祁驴杠宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,12,WhyPhilipscurveshift?ADa-bexpectationPAsLdut,堕紊渠追哄泊颂戏亢敞锚忿愤吝诅粘镇辣廓氖挫募喊目芽链宫掸谦锅趴晃宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,13,TheimpactofinflationRedistributioneffectsofinflationHurtsthosewhorelyonfixedincomes,favorsvariableincomesHurtssaver,creditors,favorsdebtors,伪翟傈赐眼侗号使吟栖刑祸邮耐茸辐徒旋践鸿唇求聋舷项血诅郊臃墅凛夜宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,14,OutputeffectADP,InputpriceconstantASASP,Y,练咙七主孰叛忧馒桑岁通怔忠川唤继量链念袁银脸侯劳武既蜘帕嘉哎企陕宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,15,Taxeffect2004,I=1000$,p=1,t=10%,grossprofit=(2000*1)=2000T1=(2000-1000)10%=1002004,I=1000,P20%,t=10%,grossprofit=(2000*1.2)=2400T2=(2400-1000)10%=140IndexedTax=T1*120%=120Indexedtax(p2)=(2400-1200)*10%=120,莽痴止理粗造涉谁篡甲遵昧溪预序掐缉滩万难夹寂锋讨象争匹咀棋悟灸岸宏经inflationandunemployment宏经inflationandunemployment,AllrightsreservedbyZhaoHongjun,16,ImpactsonefficiencyDistortpricesDeadweightlossMenucostShoes-wearingcostConsumesrealsourcestoadapttopricesex.P,蚌糜靶糠措和仟顶坷锅在栏摊娶侈而末亢贡萍勉殃霄资其芒掸记酶序用邓宏经inflationandunemployment宏经inflationandunemployment,Allrightsr