【文章內(nèi)容簡介】
dollars in 2023:Copyright169。2023 SouthWesternIndexation(指數(shù)化)? When some dollar amount is automatically corrected for inflation by law or contract, the amount is said to be indexed for inflation.? Indexation for wage? Indexation for interest rate? 機(jī)動調(diào)整Copyright169。2023 SouthWesternReal and Nominal Interest Rates? Interest represents a payment in the future for a transfer of money in the past.? Nominal interest rate ( R,名目利率 ) : the interest rate usually reported. ? It is the interest rate that a bank pays.? Real interest rate ( r,實(shí)質(zhì)利率 ) : nominal interest rate corrected for the effects of inflation.Copyright169。2023 SouthWesternReal and Nominal Interest Rates? You lend out $100 for one year. P=$1/candy? Nominal interest rate was 10%. ? During the year inflation was 6%.? Present $100/$1= 100 units of candies? $100*(1+10%)/[$1*(1+6%)]= units of candies? Real return= units, real rate of return= % ? Real interest rate ( real rate of return)近似 = Nominal interest rate – Inflation rate= 10% 6% = 4% ( r=Rπ)Copyright169。2023 SouthWesternTaiwan: R and πCopyright169。2023 SouthWesternTaiwan data: π and RInflation rate % (CPI) Nominal R %19612023 19611970 19711980 19811990 19912023 20232023 1974 1980 1981 2023