有效供给理论对经济危机的解释

• 作 者: 黄焕金
• 机 构: 广西南宁市横县峦城医院,
• 出 处: 中国经济问题
• 发表日期: 2009年06期
• 关键词: 供给理论 经济危机 有效供给 景气过度 共振状态 货币政策 需求不足 胡培兆 凯恩斯主义 经济景气

当一个国家的微观经济有效供给能力不足时,会显现出宏观经济景气度的低落,促使国家采取扩张性财政与货币政策。这个政策又很容易滋生起投机行为,从而陷入“投机←→价格”交互共振状态,最终因泡沫破裂而导致危机的爆发。美国“次级房贷”从有效供给转变为无效供给,最终引起金融危机,是教训。经济危机的直接原因是有效供给不足,而不是需求不足。

When a country’s micro-economic and effective supply capacity is insufficient, it will show a low macroeconomic climate, prompting the state to adopt expansionary fiscal and monetary policies. This policy is also very easy to breed speculation, which plunged into “speculation ← → price” interactive resonance state, and ultimately because of the bubble burst led to the outbreak of the crisis. The United States “subprime mortgage ” from the effective supply into an invalid supply, the final cause of the financial crisis, is the lesson. The direct cause of the economic crisis is the lack of effective supply, not the lack of demand.