摘要
超额货币一直是理论界有争议的话题。本文首先介绍了关于超额货币成因的几种理论假说 ,然后从理论及实证的角度对货币化假说提出了置疑。在此基础上 ,作者建立了一个综合模型 ,试图对超额货币成因作出精确的解释。最后文章从模型应用的角度出发 ,探讨了超额货币对我国通货膨胀、货币政策等重要经济因素的影响。
Excess money has been a controversial issue among the academic circle. At first, this paper introduces some hypotheses about the origin of excess money, and then brings into question the monetization hypothesis from theoretical and positive point. Based on the discussion, the author builds a comprehensive model for explaining the origin of excess money. Out of application consideration, the paper discuss the impacts which excess money will exert on important economic factors including inflation and monetary policy in China.
出处
《财经研究》
CSSCI
北大核心
2000年第5期49-54,共6页
Journal of Finance and Economics
