The interest rate is one of the tools of the CSTT has the strongest influence on macro-economy through interest rate channel. The interest rate channel is a mechanism of the CSTT, according to which a change of policy in the short-term nominal interest rate of NHTW influence on prices, output and employment. Keynes described the effects as follows: M ↑ ⇒ i ↓ ⇒ I ↑ ⇒ Y ↑ When the volume of money M extended, real interest rates i dropped to reduce the price of loans. Investment demand I therefore rise leads to increase of demand and increased output Y. Principal issues of the transmission channels are: changes in short-term interest rates is controlled directly by NHTW may affect the interest of the economy and ultimately the influence spread to the overall interest of the economy. The effectiveness of the work depends on the characteristics of the Organization and of the expected level of TTTC's market.Noting that investment demand sensitivity to real interest rates rather than nominal interest rate. This perception-altering the sequence of effects of the volume of money to the output as follows: M ¬ ↑ ↑ ↑ πe Pe ⇒ ⇒ ⇒ ¬ ¬ i ↓ ↑ ↑ Y ⇒ ⇒ I ¬ ¬When the volume of money supply M increases, the expected price level Pe and expected inflation increase πe trailed by decrease of the real interest rate makes increased investment, total demand and so production is increased.From above, the decline in real interest rates reduce the opportunity cost in the consumption and private investment in the water causing the needs expand. Then, the economy grew at a rate and pressure on inflation.
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