摘要
2008年由美国次贷危机引发的"金融海啸"席卷全球,日本经济也受到了强烈的冲击。日本MIMIC模型的建立发现了影响日本"危机强度"的国内信贷/GDP和政府债务/GDP两个国内主要影响因素,对各种传染渠道进行检验后发现了这次引起日本金融危机的主要是贸易传染渠道,对上述国内外主要影响因素进行分析,日本政府为刺激经济的一系列扩张性政策,在金融市场中并没有转化为有效的投资和需求反而大大增加了政府债务。
The financial crisis caused by U.S. subprime mortgage crisis influenced the whole world in 2008. The economy of Japan h~ also been impacted intensively. In the paper, the MIMIC model of Japan was established and two major domestic factors were found which influenced the ＂ crisis intensity＂ of Japan, and that were domestic credit / GDP and government debt / GDP. According to the test of contagion channels, the main contagion channel of the financial crisis of Japan was the trade contagion channel. These domestic and international impact factors were analyzed. A series of expansionary policies of Japanese government to stimulate the economy had not been translated into effective investment and demand in the financial markets but increased the government debt greatly.
出处
《东北亚论坛》
CSSCI
北大核心
2012年第6期91-98,共8页
Northeast Asia Forum
基金
国家社科基金“中日韩三国经济周期活动及其主要影响因素的比较研究”(06BGJ021)
