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World Population and Production
100
1000
10000
100000
1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000
Population(M),Production(B
$1985)
Population
Production
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GDP per capita, five regions
1750 1800 1850 1900 1950 20000
3000
6000
9000
12000
15000
18000
1985Dollars
1990 Population in millions
UK, USA, Canada, Australia, New Zealand 354
Japan 124
France, Germany, Netherlands, Scandinavia 184
Rest of Western Europe, Eastern Europe, Latin America 986
Asia (except Japan), Africa 3590
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1880 1900 1920 1940 1960 1980 20000
5
10
15
20
25
30
US GDP PER PERSON
THOUSANDS
OF1990D
OLLARS
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1880 1900 1920 1940 1960 1980 20000
0.5
1
1.5
2
2.5
3
3.5
US GDP PER PERSON VS. TREND
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1860 1880 1900 1920 1940 1960 1980 2000 2020-0.5
-0.4
-0.3
-0.2
-0.1
0.1
0.2
0.3US GDP DEVIATIONS FROM TREND
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1940 1950 1960 1970 1980 1990 2000 20102
3
4
5
6
7
8
9
10
11
US Unemployment Rate
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1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 20100
50
100
150
200
250
US Consumer Price Index
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= +
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COUNTRY
FPA/
GNP
FPF/
GDP
GDP/
GNP
Austria 8.9% 10.0% 101.3%
Denmark 10.6% 9.0% 98.2%
Finland 9.5% 8.6% 99.0%
France 8.0% 7.3% 99.3%Germany 8.4% 7.5% 99.1%
Greece 3.5% 5.2% 101.9%
Hungary 6.4% 12.6% 107.1%
Ireland 41.1% 49.3% 116.1%
Italy 5.0% 5.1% 100.2%
Norway 9.2% 9.4% 100.3%
Poland 1.7% 5.6% 104.1%
Portugal 7.8% 11.3% 103.9%
Spain 4.8% 6.4% 101.7%
Sweden 13.1% 11.6% 98.3%
Switzerland 24.9% 18.0% 91.6%
United Kingdom 18.3% 17.2% 98.7%
Euro Area 10.5% 10.6% 100.2%
Canada 3.5% 4.3% 100.7%
USA 5.2% 4.8% 99.4%
Argentina n/a n/a 102.5%
Brazil n/a n/a 102.6%
Mexico n/a n/a 101.4%
Venezuela n/a n/a 100.6%
Australia 3.3% 7.6% 104.7%
New Zealand 1.9% 8.9% 107.7%
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= + + +
= + + + +
= + + +
(C GC) / C / G
C/
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COUNTRY
(C+GC) /
(C+I+G)
C /
(C+I+G)
GC/
(C+I+G)
Austria 77.4% 57.9% 19.5%
Denmark 76.6% 50.1% 26.6%
Finland 77.4% 53.6% 23.8%
France 78.9% 55.5% 23.4%
Germany 80.9% 61.2% 19.7%Greece 76.9% 62.7% 14.2%
Hungary 76.4% 53.1% 23.3%
Ireland 68.6% 50.2% 18.4%
Italy 78.6% 58.4% 20.1%
Norway 72.9% 48.9% 24.0%
Poland 79.0% 60.8% 18.2%
Portugal79.0% 59.5% 19.5%
Spain 70.9% 53.7% 17.2%
Sweden 79.9% 50.7% 29.1%
Switzerland 75.5% 63.2% 12.3%
United Kingdom 82.2% 60.4% 21.8%
Euro Area 77.9% 57.2% 20.8%
Canada 76.5% 56.4% 20.1%
USA 81.5% 66.4% 15.1%
Argentina 75.6% 62.5% 13.1%
Brazil 82.6% 62.2% 20.4%
Mexico 78.2% 66.6% 11.6%
Venezuela 70.2% 56.5% 13.7%
Australia 73.0% 55.0% 18.0%
New Zealand 77.1% 58.5% 18.6%
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=
= ( + )
=
.
2006
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2006
COUNTRY SN/ GNP S
P/GNP S
G/ GNP
Austria 23.6% 21.4% 2.2%
Denmark 24.2% 17.4% 6.7%
Finland 25.0% 18.8% 6.3%
France 19.0% 14.4% 4.6%
Germany 22.6% 21.9% 0.7%
Greece 15.0% 16.1% -1.1%
Hungary 17.5% 22.8% -5.3%
Ireland 26.7% 18.6% 8.1%
Italy 18.6% 17.3% 1.3%
Norway 39.1% 23.5% 15.6%
Poland 19.2% 19.9% -0.7%
Portugal 13.4% 15.0% -1.7%Spain 22.3% 16.6% 5.7%
Sweden 26.1% 23.1% 3.0%
Switzerland 34.2% 31.7% 2.5%
United Kingdom 13.9% 14.1% -0.2%
Euro area 21.4% 18.9% 2.6%
Canada 24.4% 20.4% 4.0%
USA 14.1% 13.6% 0.5%
Argentina 26.5% 20.8% 5.8%
Brazil 18.6% 20.8% -2.1%
Mexico 19.6% 16.3% 3.3%
Venezuela 40.8% 27.2% 13.5%
Australia 21.6% 15.9% 5.7%
New Zealand 15.3% 9.4% 5.9%
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=
+
.
= +
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2006 Statistical
COUNTRY SN/ GNP I/GNP CA/GNP Discrepancy
Austria 23.6% 21.1% 2.5% 0.0%
Denmark 24.2% 22.1% 2.6% -0.6%
Finland25.0% 20.5% 4.5% 0.0%
France 19.0% 21.0% -1.2% -0.8%
Germany 22.6% 17.6% 5.0% 0.0%
Greece 15.0% 26.2% -11.3% 0.0%
Hungary 17.5% 24.8% -7.0% -0.3%
Ireland 26.7% 31.6% -4.8% 0.0%
Italy 18.6% 21.6% -2.6% -0.4%
Norway 39.1% 21.8% 17.3% 0.0%
Poland 19.2% 22.0% -3.4% 0.6%Portugal 13.4% 23.1% -9.7% 0.0%
Spain 22.3% 31.1% -8.8% 0.0%
Sweden 26.1% 17.8% 8.3% 0.0%
Switzerland 34.2% 20.3% 13.9% 0.1%
United Kingdom 13.9% 17.8% -3.8% 0.0%
Euro area 21.4% 21.6% -0.2% 0.0%
Canada 24.4% 22.7% 1.6% 0.0%USA 14.1% 19.5% -6.1% 0.8%
Argentina 26.5% 23.6% 2.6% 0.3%
Brazil 18.6% 17.3% 1.3% 0.0%
Mexico 19.6% 19.7% -0.2% 0.1%
Venezuela 40.8% 25.4% 14.8% 0.5%
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P OAPE
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)
(
)
= (
) , ( +
)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
121/184
+
=
W
P
o
W
P
FN
(1 )
(1 )
N I
cf
F t
t
0 No No N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
122/184
, ( , ) =
( ) +
=
/
/
( )
(
)=
Y
-(W/P)(1-tcw')
Y1-(W/P)(1-tcw)
Yo
0 L1 Lo T L
(W/P)
( )
(1 )cw
g N
t
g(N)
W/P)o
0 No N1 NMAX N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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=
+
=
+
=
( ) =
( )
= :
+
=
( )
W
( )P N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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( )(1 )
o
o
cw
P g Nt
EoWo
(1 )
(1 )
o N I
cf
P F t
t
0 No NMAX N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
125/184
+
> ,
,
( +
)
=
,
=
,
> ,
Y i
LM(Po,Mso)
Y1 E1,2F(N,Ko) LM(P1,M
so)
Yo EoEo E2
i=if
+e
BP
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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i=i + BP
IS(P1,eo)
IS(Po,eo)
0 Yo Y1 YOA
0 Yo Y1 YDA
W( )
1
o
cw
P g N
t P
W1 E1 OA(tcf)o OA(tcf)1
Eo1 ( )
1 cw
P g N
t
Wo E2 Po Eo E1
W21
(1 )
1
o N I
cf
P F t
t
1
1(1 )
1
N I
cf
P F t
t
P1 E2
(1 )
1o
o N I
cf
P F t
t
DA
0 No No,1 N 0 Yo Y1 Y
<
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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<
Y i LM(Ms1,Po)
LM(Mso,Po,1)
Yo Eo,2 F(N,Ko)
E1 Eo,2
i=if+e BP
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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i=if+e BP
IS(Go,Po,1)IS(G1,Po)
0 No N 0 Y1 Yo,2 YDA
W Pog(N) P
Eo P1g(N)
Wo Po E1 Eo
W1 E2E1 PoFN P1 DAo(Go)
P1FN DA1(G1)
0 No N 0 YDA
1 Yo Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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Y i LM(Mso,1,Po,1)
Yo Eo LM(Ms1,Po)
F(N,Ko)
Eo,2 E1i=if+e BP
7/23/2019 Guia Macroeconomia (MacroInt_slides)
130/184
i i + BP
IS(e1,Po)IS(eo,1,P1)
0 No N 0 YDA
o,2 YDA
1 YDA
W P
P1g(N) P1 E2E1
W1 Pog(N)
Po Eo E1Eo
Wo
P1FN DA( Ms1,e1)
PoFN DA(Mso,eo)
OA
0 Ns No N
d NMAX N 0 Yo Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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7/23/2019 Guia Macroeconomia (MacroInt_slides)
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( )
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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= ( , )
= ( , , )
=
=
> ,
= .
=
>
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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= >
Y
Y1 F(N, MP1, K0)
Y0 F(N, MP0, K0)
MP0 MP1
N0 N
,
=
,
,
7/23/2019 Guia Macroeconomia (MacroInt_slides)
135/184
=
=
,
,
,
,
=
=
W
W0
P0 FN [1- (1/R)]
N0 N
=
=
7/23/2019 Guia Macroeconomia (MacroInt_slides)
136/184
=
(
)
=
(
)
=
:
= (
)
=
(
)
W P1g(N)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
137/184
g( )E1
W1 P0g(N)
E0W0
P1FN[1-
(1/R1)]
P0FN[1-(1/R0)]
N0 N1 N
W/P
g(N)
(W/P)1
(W/P)0
FN[1-(1/R1)]
FN[1-(1/R0)]
N0 N1 N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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P
OA(,1/R)
P1 E1
P0 E0
Y0 Y1 Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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Y
F(N, MP0, K0)
Y0 E0
E0 F( N, MP1, K0)
Y1 E1
N1 N0 N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
140/184
POA(e1)
OA(e0)
E2
2
E0
0 DA (e1)
DA (e0)
Y0 Y2 Y
P2g(N)W
P0g(N)
E2W2
E0W0 E1W1
P2FN[1-(1/R2)]
P0FN[1 (1/ R0)]
P0FN[1 (1/ R1)]
N1 N0N2 N
7/23/2019 Guia Macroeconomia (MacroInt_slides)
141/184
7/23/2019 Guia Macroeconomia (MacroInt_slides)
142/184
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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7/23/2019 Guia Macroeconomia (MacroInt_slides)
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= (
)
=
<
<
=
>
=
,
>
<
>
Y
F(N,Ko)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
145/184
N
=
,
=
,
(
,
)
=
7/23/2019 Guia Macroeconomia (MacroInt_slides)
146/184
= /
/
(
)
Ye (W/P
e)
g(N)
(W/Pe)o
Eo -(W/Pe)
Yeo
Lo T L No N
=
= ( )
7/23/2019 Guia Macroeconomia (MacroInt_slides)
147/184
WPeg(N)
Peg(N)PFN
EoWo
No Nmax
=
( )
7/23/2019 Guia Macroeconomia (MacroInt_slides)
148/184
W
Peog(N)
W1 E1
Wo Eo
P1 FN
Po FN
No N1 Nd1 Nmax
Pe1g(N)
Peog(N)
E2
W2
W1 E1
Wo
P1 FN
Po FN
N0 N1 N
Y Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
149/184
E1 E1Y1 E0 Y1 E0Y0 Y0
45
N0 N1 N Y0 Y1
W P OA(Pe=Po)
Peog(N)
W1 E1 P1 E1
Eo Po Eo
W0
P1FNPoFN
N0 N1 N Y0 Y1 Y
Y Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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E1 E1Y1 Y1
Y0 E0 Y0 E0
N0 N1 N Y0 Y1 Y
OA1(Pe=P1)
W P
Pe1 g(N)
E2 OA0(Pe=P0)
W2 Pe0g(N) P1 E2 E1
E1W1 P0 E0
E0
P1FN
P0FN
NS N0 Nd
1 N Y0 Y1 Y
=
P OALP OA(Pe=P1)
E2 OA (Pe= P0 )
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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2 ( 0 )P1
OA(Pe=P2)
P0 E0
P2 E1
Y0 Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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Y
Y2 E2 i LM(MS
0,P0)
Y1 F(N, K0) LM(MS
1,P2)
E0 LM(MS1,P0)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
153/184
i = if+ e
eE0
E2 E1
IS(e1,P0)
IS(e1,P2)IS(e0,P0)
N0 N2 Y0 Y2 Y1 Y
W P
Pe0g(N) OA(P
e=P0)
E2E2 P2
W2P0 E0 Y
DA1
W0 E0 Nd
1P2FN
DA(MS1,e1)
P0FN
DA(MS
0,e0)
N0 N2 ND N Y0 Y2 Y
DA
W P OALPP
e2g(N) OA(P
e=P2)
Pe0g(N)
E3 OA(Pe=P0)
W3 P3 E3
E2 E2W2 P2
E0
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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P0 E0 DA(Ms1,e1)
P2FNP0FN DA(M
s0,e0)
NS
N0 N2 N YLP Y2 Y
=
P
OALP OA(Pe=P3)
ELP OA(Pe=P2)
P3 E2 OA(Pe=P2)
P2 E2P2 OA(P
e=P0)
E2
P2
E0
P0DA(M
s,e1)
DA (Ms,e0)
YLP Y2 Y2 Y2 Y
(
)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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=
Y i LM(Mso,Po)
Y1 E1 F(N,K0)
Y2 E2 LM(Mso,P2)
E0 E2
Y0 E0 i=if+e
e
IS(P2,R2)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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IS(Po,Ro)
N0 N2 N1 N YDA
0 YDA
2 Y
W Peog(N) P OA
LP(tIo)
OA(Pe=Po,tIo)
OA(Pe=P0,tI1)
W1 E1 P0 E0 E1
W2 E2 P2 E2
W0 E0
P2(1-tI1)FN
N0 N2 N1 N YLP Y2 Y1 Y
Pe0g(N)W E1 P OA(tIo) OA(tI1)
Pe2g(N)E2 OA(tI1,P
e=Po)W2
P0 E0 E1E3 E2 OA(tI1 P
e=P2)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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E3 E2 OA(tI1,P P2)
W3 P2 E3
FNP2(1-tI1) OA (tIo,Pe=Po)
DA
N2 N1 N Y0 Y2 Y1 Y
=
OA(Pe=Po,tIo)
POALP(tIo) OALP(tI1)
OA(Pe=Po,tI1)
OA(Pe=P2,tI1)
OA(Pe
=P4,tI1)
P0 Eo E1 OA(Pe=PLP,tI1)
P2 E2 E3
P4 E4
PLP ELPDA(Ms,e)
Y0 Y2 Y4Y1* Y
<
<
7/23/2019 Guia Macroeconomia (MacroInt_slides)
158/184
Pe1g(N)
P OA(Pe=P)
Peog(N) E* OA(Pe=P1)
E*
E1 OA(Pe
=P0)1 E1 P2
Eo EoP1
0 Eo P0 E0
DA(MS
1)
FNP2FNP0
DA(MS
0)
N0 N1 N Y0 Y1 Y
<
<
OA(Pe
=P*)OA(P
e=P2)
P OALP OA(Pe=P1)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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LP ( 1)
E* OA(P
e=P0)
P* E3
P2 E1
P1 Eo
P0 E0
DA(MS
1)
DA(MS
o)
Y0 Y3 Y1 Yo Y
=
7/23/2019 Guia Macroeconomia (MacroInt_slides)
160/184
W Pe1g(N) P OALPOA(Pe=P1)
E1W1 Pe0g(N)
OA(Pe=P0)P1 E1
E0 Po E0Wo
FN P1 DA(MS
1)
FN P0 DA(MS
0)
N0 N Y0 Y
>
7/23/2019 Guia Macroeconomia (MacroInt_slides)
161/184
OALP OA (Pe=P3)
W Pe3g(N) P
E3 Pe0g(N) P3 E3 OA(P
e=P0)
W3 P2 E2W2 E2WB B PB B
E0
W0 Nd
P0 E0
DA1
P2FN
P0FN DA0
N2 N0 N Y2 Y0 Y
>
OA (Pe = P3)
OA (Pe= P2)
P OALPOA(P
e=P
*)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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P3
E2
P2E3
OA(Pe=P0)
P* E*
P0 E0
DA(MS
1)
DA(MS
0)
Y2 Y0* Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
163/184
7/23/2019 Guia Macroeconomia (MacroInt_slides)
164/184
+
=
7/23/2019 Guia Macroeconomia (MacroInt_slides)
165/184
=
=
=
=
W
NS
N* UV
E0
W0
ND
N0 NPPA N
=
,
=
( , )
( ,
)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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=
(
)
(
) /
/
=
(
)
WPog(N)
P1g(N)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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g( )
UINV
E0W0 C B A
UVOL
P1FN PoFN
ND
N0 NS=NPA
NPPA N
Y Y
Y0 E0 Y0F(N,K0)
E1Y1 Y1
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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45o
N1 N0 N Y1 Y0 YW P
Pog(N) OAC
P1g(N)
W0 E1 E0 NS P0 E0
P1 E1
ND N0 N
S Y1 Y0 Y
7/23/2019 Guia Macroeconomia (MacroInt_slides)
169/184
<
Y E0 i LM
Yo F(N,Ko) ISo LM1IS1
E1 LMo
Y1 IS
E E1 Eo
io= if
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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N1 No Y Y1 Yo
W P
DA(Yf
o) OACPog(N) DA(Yf1M
s1)
P1g(N) E Eo
Wo C Eo B
E1
P1FN PoFN
Nd No N
SY Y1 Yo
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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>
Y i IS(G1P1) IS(G1) LM(Mso)
Y2 EC LM(Ms1)
F(N,Ko)
Y1 E1Yo Eo Eo E1
i = if
IS(Go)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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LM(MS1 P1)
Nd
o Nd
1 NC Yo Y1 Yo
W
P OAC
DA(G1MS
1)
P1FNP1g(N)
Eo E1 Pog(N) E1Wo P1
EC Eo
Po Eo
PoF
N
DA(Go)
Nd
o Nd
1 NC NS
1 NS
o NPPA Yo Y1 Yo YC
=
=
7/23/2019 Guia Macroeconomia (MacroInt_slides)
173/184
DA(G2)
W P DA(G1) OAC
DA(Go)
P2 E*
E1
Eo E1 E* P1
Wo
Po Eo
P2FNP1FN
PoFN
Ndo N
d1 NC N
S1 N
So Yo Y1 YC
>
7/23/2019 Guia Macroeconomia (MacroInt_slides)
174/184
>
OAC1(tcf1)
OACo(tcfo)
W P OAC1(tcf1)P1FN/(1+tcf1)
P (N)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
175/184
P1g(N)Wo Eo E1 Eo EC1
Po Eo Eo
A
P1E1
PoFN/(1+tcf1)
Pog(N)
PoFN/(1+tcfo) DA
Ndo N
d1 NCo NC1 N
So NPPA Yo Y1 YCo YC1
=
,
=
( , )
( ,
)
( ) ( ) /
7/23/2019 Guia Macroeconomia (MacroInt_slides)
176/184
=
(
)
(
) /
/
=
(
)
7/23/2019 Guia Macroeconomia (MacroInt_slides)
177/184
<
DA(YfoM
So)
W Pog(N) P OA
DA(Yf1M
S1)
P1g(N)Po Eo Eo
Eo E1 A
Wo P1
WMIN E1 A
W*
PoFNP F
7/23/2019 Guia Macroeconomia (MacroInt_slides)
178/184
P1FN
Nd No N
S N Y
DA Y1 Yo Y
Y i
IS(Yfo)
F(N,Ko) IS(P1)Yo EoY1
E1 IS(Yf1)
i=if
Eo E1BP
LM(MS
1)LM(MSo)
LM(MS
1/P1)
N1 No N YDA
Y1 Yo
W
Po g(N)
WMIN 1 E1 A
EoWo
7/23/2019 Guia Macroeconomia (MacroInt_slides)
179/184
o
WMIN o
Po FN
Nd No NS NPPA
<
Pog(N)W P1g(N) P OA
DA
WMIN,1 E1 E2 H ES
2 ES
0 HPH
E0 P2 E2Wo
WMIN,o P0 E1 E0
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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P1FNPoFN
Nd
1 Nd2 N0 N
S2 N
S0 N Y1 Y2 Y0
Y iIS(P0)
IS(P2)Y0 F( N, K0 )
E0
Y2 E2E2 E0
Y1 E1 i = if
LM(P2)LM(P0)
Nd
1 Nd
2 Nd0 N Y
DA2 Y
DA0
7/23/2019 Guia Macroeconomia (MacroInt_slides)
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7/23/2019 Guia Macroeconomia (MacroInt_slides)
182/184
=
+ , , + + + , +
+
+,
+ , +
7/23/2019 Guia Macroeconomia (MacroInt_slides)
183/184
=
+ ,
=
=
(
) +
+
=
=
, + , >
>
7/23/2019 Guia Macroeconomia (MacroInt_slides)
184/184
=
(
) +
+
< .
Guia Macroeconomia (MacroInt_slides) - [PDF Document] (2024)
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