摘要
2008年的金融危机将人们的注意力聚焦到"明斯基时刻",也引发了学界对凯恩斯政策副作用的反思。文章认为,由希克斯等建立起来的数学上容易处理的IS/LM凯恩斯应用模型,本质上是单期的流量平衡模型,忽视了跨期积累的存量因素的影响。文章从存量和流量关系的角度重新梳理了"金融凯恩斯主义"和"主流凯恩斯主义"的区别和联系,指出建立多期存量模型的必要性和政策含义。
The financial crisis of 2008 gave rise to a "Minsky moment", when academic circles began to rethink the deficiencies of traditional Keynesian policy. This paper argues that mathematically tractable applied Keynes- ian models are mostly one- period flow models, which pay inadequate attention to credit, stocks and balance sheets. From the perspective of interaction of stocks and flows, this paper clarifies the distinction between Minsky's financial Keynesianism and mainstream Keynesianism, and further suggests the necessity to develop multi - period stock models and examines the policy implications of doing so.
出处
《经济社会体制比较》
CSSCI
北大核心
2013年第3期39-46,共8页
Comparative Economic & Social Systems
基金
国家社会科学基金重大课题"正确处理经济平稳较快发展
调整经济结构
管理通胀预期的关系研究"(项目编号:12&ZD038)
北京市教委人才强教深化计划学术创新团队"经济周期理论前沿问题与中国宏观经济波动研究团队"(项目编号:PHR201106140)
关键词
金融凯恩斯主义
凯恩斯应用模型
多期存量模型
Financial Keynesianism
Applied Keynesian Models
Multi -period Stock Models