我国艺术品市场的货币与财富效应分析
发布时间:2018-04-16 00:03
本文选题:艺术品市场 + 货币需求 ; 参考:《新金融》2014年07期
【摘要】:本文探讨了中国艺术品市场对货币需求和贫富矛盾的影响路径和机制。中国艺术品高收益性对货币需求产生交易、财富和资产替代效应,艺术品成交规模与货币供给M1、M2的同比增长呈现出相似的变动轨迹。艺术品市场吸纳了部分富人的闲置资金,在一定程度上有利于缓解贫富矛盾。虽然中国艺术品市场规模较小,影响力有限,但是艺术品市场的发展会使部分资金流向非百姓消费领域,对于把货币超发带来的全面通胀限制在远离民生基本面的局部通胀内,提高高净值人群的文化修养,有着其他资产市场无法比拟的独特作用。
[Abstract]:This paper discusses the influence of Chinese art market on the demand for money and the contradiction between rich and poor.The high yield of Chinese works of art has a trade effect on money demand, wealth and asset substitution effect. The scale of art turnover and the growth of money supply M1M 2 show a similar change trajectory compared with the same period last year.The art market absorbs idle money from some of the rich, helping to ease the wealth gap.Although China's art market is small in scale and limited in influence, the development of the art market will make some funds flow to non-ordinary people's consumption areas. To limit the overall inflation caused by the excessive issuance of currency to local inflation that is far from the fundamental aspects of people's livelihood.Improve the culture of high net worth people, with other asset markets can not match the unique role.
【作者单位】: 中国人民大学经济学院;中国人民大学艺术品金融研究所;
【基金】:中国人民大学艺术品金融研究所课题《中国艺术品市场与宏观经济关系研究》的支持,批准号为RUC13CAFI005 北京市教育委员会共建项目《提升北京创新能力,打造环渤海经济新引擎》的支持
【分类号】:F832;J124
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本文编号:1756388
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