劳动生产率相对变化的价格总水平效应: 价值规律调节型价格总水平上涨

Translated title of the contribution: Overall Price Level Effect Based upon the Relative Change in Labor Productivity

Baoli Bai, 白 瑞雪

Research output: Contribution to journalArticle

Abstract

The relative change in labor productivity, namely in magnitude of commodity value, will result in relative price changes. The change (adjustment) in relative price is realized through the change of absolute price, which, in soft money system, has a "downward rigidity". when the bank note inflates passively, there will be a "dressing upward (dressing to the highest absolute price)" trend in the relative price adjustment process, which may lead to the increase of absolute price, thus causing the rise in overall price level. This is the overall price level effect based upon the relative change in labor productivity. The sort of rise in overall price level is known as the law-of-value-regulated rise of overall price level. Normally, the rise is gentle. However, when reaching the "turning point for acceleration", the rise would be harmful, on which the monetary policy does not work.
Translated title of the contributionOverall Price Level Effect Based upon the Relative Change in Labor Productivity
Original languageChinese (Simplified)
Pages (from-to)1-6+92
Number of pages7
Journal当代经济研究
Issue number09
Publication statusPublished - 2011

Keywords

  • Relative price
  • Absolute price
  • Labor productivity
  • Rise in overall price level

Fingerprint Dive into the research topics of 'Overall Price Level Effect Based upon the Relative Change in Labor Productivity: 价值规律调节型价格总水平上涨'. Together they form a unique fingerprint.

  • Cite this