从预期的角度看中国“流动性陷阱”

The Anticipation of Chinese "Liquidity Trap

对“流动性陷阱”的分析应引入预期的因素 ,产生“流动性陷阱”的根源是公众对未来预期的逆转而导致的有效需求不足。当前 ,我国经济陷入“流动性陷阱”的可能性在于经济体制改革中相关制度不到位影响公众预期 ,削弱了积极货币政策对消费和投资的影响。远离“流动性陷阱”

There should be involved anticipatory elements in the analysis of 'liquidity trap', which origninates from the insufficient effective demand caused by the reversed public anticipation. The possibility that china gets trapped lies in the incomplete institutions in the economic system reform, which may affect the public anticipaton and weaken the impact of active currency policies on consumption and investment. Consequcnty, it can be only solively by deepening the reform to improve the public anticipation.