代写留学生论文:通货紧缩总是糟糕的吗？
代写留学生论文:通货紧缩总是糟糕的吗？
最后通货紧缩的影响从供给方面,价格以及工资最次下跌,很明显,在经济很难降低名义工资。这导致向下名义工资刚性(艾德里安,2010)。这意味着,除非经济没有大规模失业不能管理工资下降。这意味着,工人们是如此绝望的在这种情况下,他们甚至愿意接受工资下降。
可能观察到从上面的参数,这些参数可以是真实的,当通货膨胀率从0.1%到-0.1%。即使有积极的或低通货膨胀率,零下限可能绑定;通货膨胀率低于借款人希望叶子的借款人的债务负担相比哪个更糟的债务已经(艾肯格林,1985)。这是真的,即使通货膨胀率是积极的和一些名义工资会下降,即使总体通货膨胀率有点像相对工资高于零转移每时每刻都在变化。因此,说,通货紧缩的观点是一件坏事,指出一些问题经济恶化的通货膨胀率下降。此外,过低的通货膨胀率可能会导致对经济非常重要的影响。因此,通货膨胀是一个坏消息,甚至积极低于美国联邦政府的目标。因此,建议由受人尊敬的个性像布兰查德,通货膨胀必须设置更高的目标4%。
代写留学生论文:通货紧缩总是糟糕的吗？
The last impact of the deflation is from the supply side is that the prices as well as the wages most of times fall and it is quite obvious that in the economy it is quite hard to lower the nominal wages. This leads to downward nominal wage rigidity (Adrian, 2010). This means that unless the economy does not have a mass unemployment it cannot manage to have falling wages. This means that the workers are so desperate in this case that they are even willing to accept the declining wages.
It might be observed from the above arguments that none of these arguments could be true when the rate of inflation goes from +0.1% to -0.1%. Even with the positive or low rate of inflation, the zero lower bound might be binding; the rate of inflation is lower than the borrower expect leaves the borrowers with a burden of debt which is worse as compared to the debt which they already had (Eichengreen, 1985). This is true even if the rate of inflation is positive and some nominal wages would have to fall even if the overall inflation rate is a bit above zero as relative wages are shifting around all the time. Hence, the argument which says that deflation is a bad thing stating that some problems of the economy get worse as the rate of inflation falls. Moreover, too low rate of inflation might lead to very critical impacts on the economy. Thus it is a bad news that inflation even being positive is below the target of the Federal government of USA. Hence, it is suggested by respected personalities like Olivier Blanchard that inflation must be set at a higher target like 4%.
