MACRO-ECONOMIE SAMENVATTING
INHOUDSOPGAVE
Hoofstuk 1 – a Tour of the world .......................................................................................................................... 13
1.0 Inleiding ....................................................................................................................................................... 13
De korte, middellange en lange termijn........................................................................................................ 13
Een gestileerde conjunctuurcyclus................................................................................................................ 13
Duur van VS recessies sinds 1900 ................................................................................................................. 13
1.1 huidige situatie ............................................................................................................................................ 13
Grafieken ....................................................................................................................................................... 13
Pmi - Purchasing Managers’ Index ................................................................................................................ 14
1.2 de pandemie van 2020 ................................................................................................................................ 15
1.3 de crisis van 2008-9 ..................................................................................................................................... 15
Algemene informatie .................................................................................................................................... 15
Grafieken ....................................................................................................................................................... 15
Vergelijking crisis 2008-9 en covid ................................................................................................................ 16
1.4 de verenigde staten .................................................................................................................................... 16
Groei, werkloosheid en inflatie ..................................................................................................................... 17
Groei van de arbeidsproductiviteit per decennium in de VS: 1990-2018 ..................................................... 17
1.5 de EU en de eurozone ................................................................................................................................. 17
Algemene info ............................................................................................................................................... 17
Grafieken ....................................................................................................................................................... 17
Groei, werkloosheid en inflatie in de eurozone, 1990-2019 ......................................................................... 18
Was de gemeenschappelijke munt een vergissing?...................................................................................... 18
Rente op staatsobligaties .............................................................................................................................. 18
1.6 China ........................................................................................................................................................... 19
Algemene info ............................................................................................................................................... 19
Groei, werkloosheid en inflatie in China, 1990-2018 .................................................................................... 19
Hoofdstuk 2 – A tour of the book ......................................................................................................................... 20
2.1 Totale productie .......................................................................................................................................... 20
Definitie ......................................................................................................................................................... 20
Voorbeeld ...................................................................................................................................................... 20
Manieren om bbp te meten .......................................................................................................................... 20
Nominaal en reëel bbp .................................................................................................................................. 21
Notatie .......................................................................................................................................................... 22
Focus: reëel bbp, technologische vooruitgang en de prijs van computers ................................................... 22
, Gebruik van bbp-groeicijfers ......................................................................................................................... 22
Groei vh bbp in de EU15 en de VS sinds 1971............................................................................................... 23
2.2 De werkloosheid.......................................................................................................................................... 23
Inleiding ......................................................................................................................................................... 23
Begrippen ...................................................................................................................................................... 24
Meting ........................................................................................................................................................... 24
Een slechte statistiek? ................................................................................................................................... 24
Relevantie ..................................................................................................................................................... 25
Grafieken ....................................................................................................................................................... 25
Focus: werkloosheid en geluk ....................................................................................................................... 25
2.3 Het inflatiepercentage ................................................................................................................................ 26
Definities ....................................................................................................................................................... 26
Bbp deflator .................................................................................................................................................. 26
Consumptie Prijs Index.................................................................................................................................. 26
inflatiecijfer: BBP deflator vs CPI ................................................................................................................... 27
Zuivere inflatie en kerninflatie ...................................................................................................................... 27
Hyperinflatie.................................................................................................................................................. 27
Krimpflatie (shrinkflation) ............................................................................................................................. 27
Relevantie inflatiepercentage ....................................................................................................................... 27
Inflatie in het VK, adhv de HICP en de BBP-deflator, 1996-2019 .................................................................. 27
2.4 Productie, werkloosheid en inflatie: de wet van Okun en de Philips-curve ................................................ 28
Wet van Okun ............................................................................................................................................... 28
Philips curve .................................................................................................................................................. 28
Grafieken ....................................................................................................................................................... 28
Philips curve eurozone: 2000-19 ................................................................................................................... 29
2.6 A tour of the book ....................................................................................................................................... 29
Hoofdstuk 3 – The goods market .......................................................................................................................... 30
3.0 Inleiding ....................................................................................................................................................... 30
3.1 De samenstelling van het BBP ..................................................................................................................... 30
Types economische activiteit ........................................................................................................................ 30
De samenstelling van BBP van EU, 2018 ....................................................................................................... 30
3.2 De vraag naar goederen .............................................................................................................................. 31
Formule vraag ............................................................................................................................................... 31
Formule consumptie ..................................................................................................................................... 31
formule Inkomen........................................................................................................................................... 32
Overheidsbestedingen en belastingen .......................................................................................................... 32
3.3 De bepaling van de evenwichtsproductie ................................................................................................... 32
, Inleiding ......................................................................................................................................................... 32
evenwicht analyseren ................................................................................................................................... 32
Volledige afleiding ......................................................................................................................................... 34
Focus: Het faillissement van Lehman, de vrees voor een nieuwe Grote Depressie en verschuivingen in de
consumptiefunctie ........................................................................................................................................ 34
3.4 Investeringen zijn gelijk aan besparingen: een alternatieve denkwijze over het goederenmarktevenwicht
.......................................................................................................................................................................... 35
Intro............................................................................................................................................................... 35
Afleiding ........................................................................................................................................................ 35
Focus: de paradox van sparen ....................................................................................................................... 36
3.5 Is de overheid almachtig? Een waarschuwing ............................................................................................ 36
H4: Financiële markten I ....................................................................................................................................... 37
4.0 Introductie................................................................................................................................................... 37
definitie ......................................................................................................................................................... 37
Focus: semantische vallen: geld, inkomen en rijkdom.................................................................................. 37
4.1 De vraag naar geld ...................................................................................................................................... 37
Determinanten van de vraag naar geld ......................................................................................................... 37
Concreet ........................................................................................................................................................ 38
Formule ......................................................................................................................................................... 38
Grafiek ........................................................................................................................................................... 38
Focus: Wie bezit de Amerikaanse munt? ...................................................................................................... 38
4.2 Het bepalen van de rentevoet: I ................................................................................................................. 39
Evenwicht ...................................................................................................................................................... 39
Effecten ......................................................................................................................................................... 40
Het niveau van de geldhoeveelheid kiezen of het niveau van de rentevoet kiezen? ................................... 40
Inzicht in de acties van de Fed die nodig zijn om de rente stabiliseren ........................................................ 40
4.3 Het bepalen van de rentevoet: II ................................................................................................................ 41
Deposito’s ..................................................................................................................................................... 41
Vraag naar centralebankgeld ........................................................................................................................ 41
Evenwicht op de markt voor centralebankgeld en de vaststelling van de rentevoet ................................... 41
4.4 De liquiditeitsval .......................................................................................................................................... 42
Definitie ......................................................................................................................................................... 42
Focus: De liquiditeitsval in actie .................................................................................................................... 42
Focus: Zullen bitcoins dollars vervangen? ..................................................................................................... 42
H5: Goederen en financiële markten: het IS-LM model ....................................................................................... 43
5.0 Inleiding ....................................................................................................................................................... 43
5.1 De goederenmarkt en de IS-relatie ............................................................................................................. 43
, Is-relatie ........................................................................................................................................................ 43
Evenwicht in de goederenmarkt ................................................................................................................... 43
Afleiding IS-curve .......................................................................................................................................... 44
Verschuiving van de IS-curve ........................................................................................................................ 44
5.2 De financiële markten en de LM-relatie...................................................................................................... 45
LM-relatie ...................................................................................................................................................... 45
De LM-curve .................................................................................................................................................. 45
5.3 De IS- en LM-relatie samenvoegen ............................................................................................................. 45
Verband ......................................................................................................................................................... 45
IS-LM model .................................................................................................................................................. 45
Effecten ......................................................................................................................................................... 46
5.4 Een beleidsmix gebruiken ........................................................................................................................... 46
Theorie .......................................................................................................................................................... 46
Focus: De Amerikaanse recessie van 2001 ................................................................................................... 46
Focus: Tekortreductie: goed of slecht voor investeringen? .......................................................................... 47
Effecten van een gecombineerde budgettaire consolidatie en monetaire expansie ................................... 47
5.5 Hoe past het IS-LM model bij de feiten? ..................................................................................................... 47
Theorie .......................................................................................................................................................... 47
Toegepast ...................................................................................................................................................... 48
H6: Financiële markten II: Het uitgebreide IS-LM Model ...................................................................................... 49
6.0 Inleiding ....................................................................................................................................................... 49
6.1 Nominale vs reële rente .............................................................................................................................. 49
Definitie ......................................................................................................................................................... 49
Nominale en reële eenjaars T-bill rente in het Verenigd Koninkrijk sinds 1980 ........................................... 49
Definitie en afleiding van de reële rentevoet ............................................................................................... 50
6.2 Risico en risicopremies ................................................................................................................................ 51
Rendementen op 10-jarige Amerikaanse staatsobligaties, AAA en BBB bedrijfsobligaties, sinds 2000 ...... 51
Kredietrating en wanbetalingspercentages .................................................................................................. 51
6.3 De rol van financiële tussenpersonen ......................................................................................................... 52
Inleiding tot begrippen .................................................................................................................................. 52
Het belang van liquiditeit .............................................................................................................................. 53
Focus: bank runs ........................................................................................................................................... 53
6.4 Uitbreiding van het IS-LM model ................................................................................................................ 53
Inleiding ......................................................................................................................................................... 53
Grafieken ....................................................................................................................................................... 54
6.5 Van een huisvestingsprobleem naar een financiële crisis: 2006-8 ............................................................. 54
Huizenprijzen en subprime hypotheken ....................................................................................................... 54
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lottemaes1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.55. You're not tied to anything after your purchase.