价格总水平上涨中总需求与纸币数量关系分析

广泛流传的误区与货币政策的有效范围

Translated title of the contribution: Analysis of Relationship between Total Demand and Banknotes Supply in Rising Overall Price: Widespread Misunderstanding and Effective Range of Monetary Policy

Baoli Bai, 白 瑞雪

Research output: Contribution to journalArticle

Abstract

The modern Western economics defines the rising overall price caused by increased banknotes supply as the price hike driven by demand. This theory, in fact, represents a misunderstanding. In macroeconomic theory, the aggregate demand is the total actual demand, and the increased banknotes supply is by no means the cause for the increase in actual demand. The increase in banknotes supply can only increase the nominal aggregate demand, which leads to the rising general price level, only displaying a monetary phenomenon, for which monetary policy is effective;increase in actual aggregate demand will drive the rise in overall price, and lead to passive banknotes expansion, for which monetary policy loses its effectiveness.
Original languageChinese (Simplified)
Pages (from-to)41-45
Number of pages5
Journal江苏行政学院学报
Issue number06
Publication statusPublished - 2012

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Demand and supply
Monetary policy
Aggregate demand
Economics
Price level
Macroeconomics

Keywords

  • rising overall price
  • aggregate demand
  • banknotes supply
  • monetary policy
  • ineffective

Cite this

@article{6e91bd3b76ce47c29918a88b6e7199ce,
title = "价格总水平上涨中总需求与纸币数量关系分析: 广泛流传的误区与货币政策的有效范围",
abstract = "现代西方经济学将纸币数量增加导致的价格总水平上涨划归为需求拉动价格总水平上涨,实际上这是一个误区。宏观经济理论中的总需求是指实际总需求,纸币数量增加不是实际总需求增加的原因。纸币数量增加只会增加名义总需求,其导致的价格总水平上涨,只是一个货币现象,对此,货币政策是有效的;实际总需求增加会拉动价格总水平上涨,并导致被动性纸币膨胀,对此,货币政策是失效的。",
keywords = "rising overall price, aggregate demand, banknotes supply, monetary policy, ineffective, 价格总水平上涨, 总需求, 纸币数量, 货币政策, 失效",
author = "Baoli Bai and 瑞雪 白",
year = "2012",
language = "Chinese (Simplified)",
pages = "41--45",
journal = "江苏行政学院学报",
issn = "1009-8860",
number = "06",

}

TY - JOUR

T1 - 价格总水平上涨中总需求与纸币数量关系分析

T2 - 广泛流传的误区与货币政策的有效范围

AU - Bai, Baoli

AU - 白, 瑞雪

PY - 2012

Y1 - 2012

N2 - 现代西方经济学将纸币数量增加导致的价格总水平上涨划归为需求拉动价格总水平上涨,实际上这是一个误区。宏观经济理论中的总需求是指实际总需求,纸币数量增加不是实际总需求增加的原因。纸币数量增加只会增加名义总需求,其导致的价格总水平上涨,只是一个货币现象,对此,货币政策是有效的;实际总需求增加会拉动价格总水平上涨,并导致被动性纸币膨胀,对此,货币政策是失效的。

AB - 现代西方经济学将纸币数量增加导致的价格总水平上涨划归为需求拉动价格总水平上涨,实际上这是一个误区。宏观经济理论中的总需求是指实际总需求,纸币数量增加不是实际总需求增加的原因。纸币数量增加只会增加名义总需求,其导致的价格总水平上涨,只是一个货币现象,对此,货币政策是有效的;实际总需求增加会拉动价格总水平上涨,并导致被动性纸币膨胀,对此,货币政策是失效的。

KW - rising overall price

KW - aggregate demand

KW - banknotes supply

KW - monetary policy

KW - ineffective

KW - 价格总水平上涨

KW - 总需求

KW - 纸币数量

KW - 货币政策

KW - 失效

M3 - 文章

SP - 41

EP - 45

JO - 江苏行政学院学报

JF - 江苏行政学院学报

SN - 1009-8860

IS - 06

ER -