摘要
从国际Panel数据分析了一个由经济结构变量(利率)、金融结构变量(人均国民生产总值或人均国内生产总值)和行为变量(存款利率弹性)组成的价格决定系统的动态特征.经济结构变量(利率)与通货膨胀率恒定地负相关.短期需求和长期生产率变化分别决定货币政策的短期和长期福利变化.长短期资金的均衡成本差额结合行为者偏好能准确预测通货膨胀率对金融结构变量的托宾效应(或反托宾效应)和经济结构调整(或金融结构调整)的通货膨胀福利效应.
This article explores the dynamics characteristics of a price determining system which involves economy structure variable( interest), financial structure variable (GNP or GDP per capital) and behavior variable (interest elasticity of deposit) from intemational Panel data. Economy structure variable (interest) is constantly in inverse proportion to inflation rate. The changes in short-term demand and long-term productivity decide the changes in short-run welfare and long-run welfare of monetary policy respectively. The margin of long-term fund cost and shortterm fund cost can properly predict Tobin effect (or anti-Tobin effect) of financial structure variable on inflation rate and inflation welfare effect of economy structure adjustment( or financial structure adjustment) along with agent preference.
出处
《辽宁大学学报(自然科学版)》
CAS
2016年第4期300-306,共7页
Journal of Liaoning University:Natural Sciences Edition
关键词
货币政策
通货膨胀率
福利效应
托宾效应
经济结构
金融结构
monetary policy
inflation rate
welfare effect
tobin effect
economy structure
financial structure