Price Theory in a Monetary Economy
Price Theory in a Monetary Economy
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货币经济中的价格理论
DOI：
10.1007/978-4-431-55345-8_2
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发表时间：
2015
期刊：
影响因子：
--
通讯作者：
M. Otaki
中科院分区：
文献类型：
--
作者：
M. Otaki
本章概述了货币经济中的价格理论。在易货经济中，价格被认为可以平衡需求和供给。然而，在货币经济中，价格的功能完全发生了变化。从日常生活中可以明显看出，货币的价值（价格指数的倒数）是由对其未来价值本身的理性信念决定的。如果个人确认未来货币贬值，就会立即提高当前的价格水平。反过来，如果他们对货币的价值有信心，价格水平就会变得稳定。然而，商品市场不是通过价格而是通过数量来调整的。因此，当货币理论被认为具有内在的动态特性时，诸如乘数过程之类的数量调整就会与新古典微观经济理论一致地出现。此外，本章概述的理论包含了货币数量论，作为市场均衡条件下的一种无关的理性信念。
Price theory in a monetary economy is outlined in this chapter. Prices are considered to equalize demand and supply in a barter economy. However, the function of price changes entirely in a monetary economy. As is evident from daily life, the value of money (the inverse of the price index) is determined by rational belief concerning its future value in itself. If individuals confirm the future devaluation of money, this immediately raises the current price level. In turn, if they are confident about the value of money, the price level becomes stable. However, goods markets are adjusted not by price but by quantity. Thus, when monetary theory is recognized to have intrinsic dynamic properties, quantity adjustment such as the multiplier process emerges consistently with neoclassical microeconomic theory. In addition, the theory outlined in this chapter contains the quantity theory of money as an extraneous rational belief under conditions of market equilibrium.
DOI：
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发表时间：
1987
期刊：
The American Economic Review
影响因子：
--
作者：
O. Blanchard;N. Kiyotaki
通讯作者：
O. Blanchard;N. Kiyotaki
动态扩展的凯恩斯交叉与改善福利的财政政策
DOI：
--
发表时间：
2007
期刊：
Economics Letters 96
影响因子：
--
作者：
大瀧雅之;大瀧雅之
通讯作者：
大瀧雅之