O Modelo GSMS goods side/money side (lado real-lado monetário) da análise macroeconômica Equação de troca π×π =π ×π Demanda pela moeda π = ππππ π = πππ Lado monetário e lado real ππ =π π Liquidez macroeconômica π(π) = 1 π Equação de troca e renda π×π =π×π = π Amliação π × π = π = πΆ + πΌ + πΊ = ππΆ × ππΆ + ππΌ × ππΌ + ππΊ × ππΊ + ππΈπ × ππΈπ β ππΌπ × ππΌπ Liquidez macroeconômica ππΏ = ππ΅ × ππ × π Equação completa π΅π × ππ × π = π × π = π = πΆ + πΌ + πΊ = ππΆ × ππΆ + ππΌ × ππΌ + ππΊ × ππΊ β¦ Versaõ dinâmica ππ + ππ = ππ + π π = πππΏ β ππ π = (πππ΅ + πππ + ππ£ ) β (πππ + πππ) Condição para Ο=0): (πππ΅ + πππ + ππ£ ) = (πππ + πππ) Renda nacional ππ = ππ + π = πππ + πππΆ + π Taxa de inflação: π = (πππ΅ + πππ + ππ£ ) β (πππ + πππ) Table 1 The GS/MS model as a classification tool of macroeconomic configurations Macroeconomic liquidity (ML) 0 PLG Cyclical production Natural production frontier (CPF) frontier (NPF) β β MPI β β 0 MHI β β β MPD β β 0 DD β β β IS 0 β 0 IB β β 0 Table 2 Macroeconomic configurations in terms of the variables of the GS/MS model gMB gmb gV gQc gQn Ο Q Y PLG 0 0 0 + + - + 0 MPI + + 0 0 0 + 0 + MHI + + + - - + - + MPD - - - - 0 - - - DD - - - - - - - - IS 0 0 0 - - + - - IB + + + + 0 + + + PLG: Productivity-led (deflationary) economic growth β MPI: Monetary price inflation - MHI: Monetary hyperinflation β MPD: Monetary price deflation β DD: Deflationary depression β IS: Inflationary stagnation (stagflation) - IB β Inflationary boom with g: growth rate β MB: Monetary base β mb: banking multiplier β V: velocity of circulation β Qc: cyclical production β Qn: natural production β Ο: price inflation rate β Q: Current output β Y: nominal national income. The arrows in table 1 indicate direction of the moves of the curves
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