虚拟经济背景下影响利率变动的决定因素分析

Analysis of the Decisive Factors of Interest Rate Determination Under the Background of Fictitious Economy

虚拟经济已经成为现代经济不可或缺的重要组成部分,它与实体经济共同推动现代经济不断向前发展。首先简略回顾并比较了相关利率决定理论,以新古典学派的IS—LM模型为基础探讨了现代条件下虚拟资产日益膨胀、资本大规模流动以及日显其影响能力的心理预期对新时期的利率决定的影响,并由此提出虚拟经济背景下一国在运用利率政策工具时应该考虑更多方面的反应才能取得相应的政策效果。

Fictitious economy has become an integral part of the modern economy, which is promoting the modern economy＇s continuing developing. This article simply introduces the Interrelated Interest Rate Determination Theories and contrasts them, and then, on the basis of the Model of IS-LM of Neoclassicism, it analyses the effects to Interest Rate Determination in the present conditions caused by the following factors： the increasing of fictitious asset, the large-scale flowing of capital, and psychology anticipation. Thus comes to the conclusion, that is, under its background, government should take much more aspects into consideration when it applies to the interest rate policy instruments, then it should come to the corresponding effects.