两种需求:为什么对非消费货币的需求不同于对消费商品的需求

Dmitry V. Levando
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引用次数: 0

摘要

本文明确讨论了消耗品需求与(非消耗品)信用货币需求之间的主要区别。例如,与消耗品相比,货币不能仅由一个代理要求;它是一个存量变量;信贷需要特殊安排,现在实施信托,以便以后清算债务;在一段有限的时间内,对非消费货币的需求为零(哈恩悖论)。这些问题对于发展货币宏观经济学的微观基础很重要,包括流动性陷阱和信贷紧缩,在现有文献中没有得到很好的研究。当代经济理论已经有了一些答案,由马丁·舒比克(Martin Shubik)的作品提出。这些微观基础对于理解信贷危机和信贷周期是经济体系中实体和金融部门之间的相互作用至关重要。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Two Demands: Why a Demand for Non-Consumable Money is Different From a Demand For Consumable Goods
The paper explicitly discusses the key differences between a demand for consumables and demand for (non-consumable) credit money. For example, in contrast to consumables, money cannot be demanded by only one agent; it is a stock variable; credit requires special arrangements to implement trust now to clear up a debt later; for a finite time period there is zero demand for nonconsumable money (Hahn paradox). These issues are important for developing micro-foundations of monetary macroeconomics, including those for a liquidity trap and credit crunches, not well investigated in existing literature. Contemporary economic theory already has some answers, initiated by works of Martin Shubik. These micro-foundations are vitally important for understanding a credit crisis and credit cycle as interactions between real and financial sectors of economic systems.
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