基于货币本位制度变迁的物价利率关系实证研究
发布时间：2018-08-21 20:27
【摘要】：本文对中国近现代不同货币本位制度下的物价利率关系进行了实证研究,结论支持弗里德曼等的观点,即费雪效应取代吉布森悖论是由于货币本位制度从商品本位到法定本位的变迁,商品本位货币购买力短期变动大而长期平稳,法定本位货币短期购买力变异小而长期非平稳,根源是法定货币缺乏有效的稳定锚。长期通胀预期助长了人性不奈和行为短期化倾向,因此,应基于法定本位制度给货币加上可信赖的稳定锚,以适应经济可持续发展与人民币国际化的要求。
[Abstract]:This paper makes an empirical study on the relationship between price and interest rates under different monetary standard systems in modern China, and concludes that it supports Friedman's point of view. That is, the Fisher effect replaces Gibson's paradox because of the change of the monetary standard system from commodity standard to legal standard, the short-term purchasing power of commodity standard is large and stable in the long term, and the short-term purchasing power of legal standard currency has little variation but long-term non-stability. The root cause is the lack of effective anchors of legal tender. Long-term inflation expectations encourage human incompatibility and short-lived behaviour, so we should base on the legal standard system to provide a reliable anchor of stability for the currency to meet the requirements of sustainable economic development and internationalization of the RMB.
【作者单位】： 中南财经政法大学新华金融保险学院;
【基金】：中南财经政法大学博士研究生教育创新项目(2010B0401)的资助
【分类号】：F822.9;F224
[Abstract]:This paper makes an empirical study on the relationship between price and interest rates under different monetary standard systems in modern China, and concludes that it supports Friedman's point of view. That is, the Fisher effect replaces Gibson's paradox because of the change of the monetary standard system from commodity standard to legal standard, the short-term purchasing power of commodity standard is large and stable in the long term, and the short-term purchasing power of legal standard currency has little variation but long-term non-stability. The root cause is the lack of effective anchors of legal tender. Long-term inflation expectations encourage human incompatibility and short-lived behaviour, so we should base on the legal standard system to provide a reliable anchor of stability for the currency to meet the requirements of sustainable economic development and internationalization of the RMB.
【作者单位】： 中南财经政法大学新华金融保险学院;
【基金】：中南财经政法大学博士研究生教育创新项目(2010B0401)的资助
【分类号】：F822.9;F224
【参考文献】
相关期刊论文 前10条
1 苏h椒，
本文编号：2196258
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