全球失衡与财政货币冲击——基于战争视角

发布时间：2018-01-10 04:31

  本文关键词：全球失衡与财政货币冲击——基于战争视角　出处：《财经科学》2014年10期 　论文类型：期刊论文

  更多相关文章： 全球失衡 财政冲击 货币冲击 战争

【摘要】：本文从战争视角切入,对全球失衡进行了深入分析。鉴于美元的中心地位,文中引入一国货币为国际储备货币,构建了基于垄断竞争和黏性价格的两国一般均衡模型,考察了储备货币发行国的财政冲击和货币冲击对全球失衡以及他国经济与福利的影响。美国巨额战争开支引致的财政恶化是影响其经常账户赤字的重要因素。得益于美元的国际储备货币地位,美国的巨额赤字才得以弥补,美元换财富的模式才得以持续;而非储备货币国家的产出、消费、经常项目和贸易条件等在长期都受到负面冲击,居民福利下降。为应对"美元霸权",中国应积极推进人民币国际化。
[Abstract]:This paper starts from the perspective of war, global imbalances are analyzed. In view of the central role of the dollar as the international reserve currency, the introduction of a national currency, to construct a general equilibrium model between monopolistic competition and sticky prices based on the effects of the reserve currency country fiscal and monetary shocks to global imbalances and his influence the country's economic and welfare. The huge war spending caused by the fiscal deterioration is an important factor affecting the current account deficit. Thanks to the dollar international reserve currency status, America's massive deficit to make up dollars of wealth model was able to continue; instead of reserve currency countries output, consumption, and current account in terms of trade has long been a negative impact of residents welfare decline. In response to the "dollar hegemony", China should actively promote the internationalization of the RMB.

【作者单位】： 对外经济贸易大学国际经济贸易学院;
【基金】：国家自然科学基金项目“高维近似因子模型的极大似然分析:理论与方法”(71201031) 对外经济贸易大学国内外联合培养研究生项目 对外经济贸易大学研究生科研创新基金(A2012004)
【分类号】：F113;F821
【正文快照】： 逑逑逑逑逑逑逑逑逑逑逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍2一、引言过去的20年中,世界经济发展呈现出两个值得关注的重要特征。一是全球经常账户严重失衡。一方面美国的经常账户存在严重赤字;另一方面很多发展中国家(如中国，

本文编号：1403897