摘要
利率上升的消费效用取决于利率上升的替代效应和收入效应的作用之和。文章首先利用一个两期跨时选择模型考察了利率上升的替代效应和收入效应;然后实证分析了利率上升对于我国城镇居民消费支出的影响,结果表明名义利率上升所产生的收入效应大于替代效应;最后提出了相应的政策建议。
The consumption effect of the interest rise depends on the substitution effect and the income effect. This paper analyzes the substitution effect and the income effect of the interest rise with an intertemporal choice model. And then it makes a positive analysis of the consumption effect of the Chinese interest rise. It concludes that the income effect of the nominal interest rise is more than the substitution effect. This paper gives some policy suggestions in the end.
出处
《华东经济管理》
2005年第8期32-34,共3页
East China Economic Management
基金
国家社会科学基金项目"市场开放条件下消费需求扩张政策的选择与有效搭配(批准号:03BJY004)的研究成果
关键词
利率
替代效应
收入效应
interest
substitution effect
income effect
