货币危机对产出的影响——一个货币危机的综合模型

Effects of Currency Crises on Output: A Comprehensive Model of Currency Crises

不同的货币危机对经济产出水平有不同的影响,文章主要研究货币危机与产出水平之间的关系。文章构造了一个由IPLM曲线和总产出曲线构成的汇率—产出模型,揭示了三代货币危机模型的内在关联性。在这个简单的货币危机综合模型中,第一代货币危机模型和第二代货币危机模型被作为第三代货币危机模型的特例,从而把三代货币危机模型统一起来,解释了不同货币危机对产出水平的不同影响。

Different kinds of currency crises have different economic effects. This paper mainly discusses the relationship between currency crises and output level. In the paper, an exchange rate-output model consisting of IPLM curve and aggregate output curve is built, indicating the inner relevance of the three-generation currency crises and models. In the model, the first-generation and second-generation currency crises models are exemplified for the third-generation currency crises model, so as to unify the three-generation currency crises models to explain the different effects of currency crises on economic output.