虚拟经济对通货膨胀作用效应的理论与实证分析

Translated title of the contribution: Theoretical and Empirical Analysis on Virtual Economy’s Influence on Inflation

霍 艳斌, Yan Ma

Research output: Contribution to journalArticle

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Abstract

Since 1970s, the world’s virtual economy has improved a great deal, which has changed the correspondent relationship between money supply and inflation, resulting in the price fluctuation in real economy. Virtual economy can, on the one hand, be the cash "pool" of the society, reducing the inflation in real economy, on the other hand, be an inflation "booster", stimulating the inflation in real economy. This paper proved
that; from 1998 to 2012,the majority of the currency put into market had mainly flown into real estate market, where the price continued to rise, thus reducing the monetary amount in real economy, where, on the contrary, the price level kept stable and had a low chance of inflation.
Original languageChinese (Simplified)
Pages (from-to)47-56
Number of pages10
JournalJournal of Economics of Shanghai School
Volume12
Issue number3
Publication statusPublished - 2014

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Empirical analysis
Theoretical analysis
Inflation
Virtual economy
Currency
Fluctuations
Cash
Money supply
Price level
Real estate market

Keywords

  • Virtual Economy
  • Money Supply
  • Inflation

Cite this

虚拟经济对通货膨胀作用效应的理论与实证分析. / 霍艳斌; Ma, Yan.

In: Journal of Economics of Shanghai School, Vol. 12, No. 3, 2014, p. 47-56.

Research output: Contribution to journalArticle

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title = "虚拟经济对通货膨胀作用效应的理论与实证分析",
abstract = "20世纪70年代以来,全世界的虚拟经济都获得了巨大的发展。虚拟经济的发展改变了货币供给与通货膨胀的一一对应关系,对实体经济的价格水平的变动产生了很大的影响。虚拟经济既可能是社会资金的{"}蓄水池{"},降低实体经济通货膨胀发生的风险;也可能是通货膨胀的{"}助推器{"},推动实体经济通货膨胀的发生。本文通过实证检验证明:从1998年到2012年,我国增加的货币主要流入了以房地产市场为主的虚拟经济中,造成了我国房地产价格的持续上涨,从而减少了流入实体经济的货币量,降低了实体经济的物价上涨幅度,在很大程度上抑制了实体经济通货膨胀的发生。",
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language = "Chinese (Simplified)",
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N2 - 20世纪70年代以来,全世界的虚拟经济都获得了巨大的发展。虚拟经济的发展改变了货币供给与通货膨胀的一一对应关系,对实体经济的价格水平的变动产生了很大的影响。虚拟经济既可能是社会资金的"蓄水池",降低实体经济通货膨胀发生的风险;也可能是通货膨胀的"助推器",推动实体经济通货膨胀的发生。本文通过实证检验证明:从1998年到2012年,我国增加的货币主要流入了以房地产市场为主的虚拟经济中,造成了我国房地产价格的持续上涨,从而减少了流入实体经济的货币量,降低了实体经济的物价上涨幅度,在很大程度上抑制了实体经济通货膨胀的发生。

AB - 20世纪70年代以来,全世界的虚拟经济都获得了巨大的发展。虚拟经济的发展改变了货币供给与通货膨胀的一一对应关系,对实体经济的价格水平的变动产生了很大的影响。虚拟经济既可能是社会资金的"蓄水池",降低实体经济通货膨胀发生的风险;也可能是通货膨胀的"助推器",推动实体经济通货膨胀的发生。本文通过实证检验证明:从1998年到2012年,我国增加的货币主要流入了以房地产市场为主的虚拟经济中,造成了我国房地产价格的持续上涨,从而减少了流入实体经济的货币量,降低了实体经济的物价上涨幅度,在很大程度上抑制了实体经济通货膨胀的发生。

KW - Virtual Economy

KW - Money Supply

KW - Inflation

KW - 虚拟经济

KW - 货币供给

KW - 通货膨胀

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JO - Journal of Economics of Shanghai School

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