本文關(guān)鍵詞：全球失衡與財政貨幣沖擊——基于戰(zhàn)爭視角　出處：《財經(jīng)科學(xué)》2014年10期 　論文類型：期刊論文

  更多相關(guān)文章： 全球失衡 財政沖擊 貨幣沖擊 戰(zhàn)爭

【摘要】：本文從戰(zhàn)爭視角切入,對全球失衡進行了深入分析。鑒于美元的中心地位,文中引入一國貨幣為國際儲備貨幣,構(gòu)建了基于壟斷競爭和黏性價格的兩國一般均衡模型,考察了儲備貨幣發(fā)行國的財政沖擊和貨幣沖擊對全球失衡以及他國經(jīng)濟與福利的影響。美國巨額戰(zhàn)爭開支引致的財政惡化是影響其經(jīng)常賬戶赤字的重要因素。得益于美元的國際儲備貨幣地位,美國的巨額赤字才得以彌補,美元換財富的模式才得以持續(xù);而非儲備貨幣國家的產(chǎn)出、消費、經(jīng)常項目和貿(mào)易條件等在長期都受到負面沖擊,居民福利下降。為應(yīng)對"美元霸權(quán)",中國應(yīng)積極推進人民幣國際化。
[Abstract]:This paper starts from the perspective of war, global imbalances are analyzed. In view of the central role of the dollar as the international reserve currency, the introduction of a national currency, to construct a general equilibrium model between monopolistic competition and sticky prices based on the effects of the reserve currency country fiscal and monetary shocks to global imbalances and his influence the country's economic and welfare. The huge war spending caused by the fiscal deterioration is an important factor affecting the current account deficit. Thanks to the dollar international reserve currency status, America's massive deficit to make up dollars of wealth model was able to continue; instead of reserve currency countries output, consumption, and current account in terms of trade has long been a negative impact of residents welfare decline. In response to the "dollar hegemony", China should actively promote the internationalization of the RMB.

【作者單位】： 對外經(jīng)濟貿(mào)易大學(xué)國際經(jīng)濟貿(mào)易學(xué)院;
【基金】：國家自然科學(xué)基金項目“高維近似因子模型的極大似然分析:理論與方法”(71201031) 對外經(jīng)濟貿(mào)易大學(xué)國內(nèi)外聯(lián)合培養(yǎng)研究生項目 對外經(jīng)濟貿(mào)易大學(xué)研究生科研創(chuàng)新基金(A2012004)
【分類號】：F113;F821
【正文快照】： 逑逑逑逑逑逑逑逑逑逑逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍逍2一、引言過去的20年中,世界經(jīng)濟發(fā)展呈現(xiàn)出兩個值得關(guān)注的重要特征。一是全球經(jīng)常賬戶嚴(yán)重失衡。一方面美國的經(jīng)常賬戶存在嚴(yán)重赤字;另一方面很多發(fā)展中國家(如中國，

本文編號：1403897