托宾温菲尔德攻略

now this gentleman mr tobin winfield the third he's more used to signing off form bounties than being the subject of them， but no one cries when a corrupt politician gets their come up， and i believe he's hiding out in thieves landing yeah the man's a thief， but not the same kind as the rest of them down there ha ha wager he won't survive the week from the looks of this poster you're to recover the deeds that he stole so make sure you find them this better not be them it's not them thank the lord try and hold it together i'm here i'm here you got me i come willingly but please hear me out i'm in danger， not from you find people rather some cutthroats i was quite unwise to trust i promised them the deeds that i misappropriated if they would help me flee now i have it on good authority that they mean to kill me for those deeds protects me and they're yours i'll give it all back yes， good good follow me they will be here very soon very good the deeds are a short ride away sequester follow me and i will take you to them there will be no shenanigans on this trip i can promise you that i give you the deeds you save my life it's an excellent bargain for all parties involved come on we have some distance to go yet the torment i've suffered you wouldn't believe my nerves are almost wrecked it will take weeks in a sanatorium just to steady my hands a slightest bang and i jump out of my bridges really the time i've had i thought these men these cutthroats were my friends or at least i thought they were reliable lackeys， but control them i could not they were the picture of concern and care until i was isolated and then i shudder to remember they started spending my money taking my things abusing my person they took real pleasure in my distress it was only a matter of time before they got bored exhausted my funds and decided to consign me to oblivion i'm so damn grateful you came along when you did a strange twist of fate indeed， but this bounty may have saved my life you give him back these arms i'm gonna enjoy killing you go again away from us i'm afraid that was only a small contingent of them no time to lose shall we hurry on and get the deeds ah their sequester just up ahead the deeds are just under that rock i'm a man of my word don't you see a man of integrity i'm sure you won't be disappointed they're coming for me hey， tobin， i thought you was our new pat you're all but very boy take them and let's go very good you can take me in now time to face the music， but may i ask you please don't tie me up let me keep the little dignity i have remaining i can go in on my own terms can i very good i can't tell you what it means to be changed with some decency i will lead the way i will follow obediently you wouldn't hurt me now please i don't deserve to be dragged around in the dirt it's unseeed i was going for help oh， dear my tormentors this is most unbecoming i'm a man of stature a natural leader always have been to think i would fall so low ask anyone tobin win no don't touch me they won't even recognize the course let's screw some business bringing them in alive this part at least i got your bounty money here。

下一个传导机制是资产价格传导机制，资产价格传导机制，这有一个很重要的托兵 q 理论，那在上次考试中呢，考察到的就是关于 q 的一个情况， 这个 q 值他就是说企业的市场价值和资本重置成本之间的一个比值，我们可以把它转化成这样的公式啊， 那企业的市场价值就是看到他当前市场的情况，重置成本呢，就是把这个企业的这些资本啊，重新来把它配置一下，在当前所需要的一个成本量 啊。如果这个 q 值是大于一的，也就是说企业的市场价值是大于他的重置成本，那这时候呢，这个企业在市场上 他是比较被认可，比较受肯定的，所以呢，企业他就很容易以相对较高的价格来发行比较少的股票， 并且呢，企业他获得资金之后，就可以买到更多新的投资品，就会导致他的投资增加，导致社会总需求，还有他的一个总产出也是增加的。 好看一下基本思路啊，货币功能量增多，那股价是升高的，托宾 q 值是升高的啊，投资增多，总产出增多啊，这是关于托宾 q 理论，注意 q 它的一个写法，还有 q 大于一它所代表的含义。 另外他还有一个理论呢，就是财富效应，这个财富效应呢，他其实就 就是站在咱们个人的一个角度，或者站在家庭的一个角度啊，他是莫迪利安尼啊，他认为说当扩张性货币政策引起股价上升的时候， 那这时候家庭部门的金融资产价值就会上升，也就是说这些炒股的人呀，手中持有的这些 金融资产价值上升。好，那你是不是就有钱了，财务困境出现的可能性就降低了？好，有钱怎么办呀？哎，有钱了就去消费了，这就会刺激家庭部门去购买耐用消费品呀，去购买住宅呀，买房买车去了， 社会总需求和总产出就会随之增加。好，看一下他的一个基本思路的一个写法啊，货币供应量增多，股价 升高，那手中持有的金融资产价值升高，出现财务困难的可能性就降低。耐用消费品呀，住宅之处就增多，最后导致总产出是增多的。