In societies where comprehensive free public services are provided and where the after tax income grows synchronously with the productivity growth,the merchandise (including material merchandise and service merchandis...In societies where comprehensive free public services are provided and where the after tax income grows synchronously with the productivity growth,the merchandise (including material merchandise and service merchandise and assets merchandise) price index will systematically deviate from the welfare price index and from real purchasing power of money index,i.e.the merchandise price index will be higher than the welfare price index.I suggest labeling the gap between the merchandise price index and the welfare price index as “Public Service Deflator”.By detracting the Public Service Deflator,we can eliminate the exaggeration intrinsic in the merchandise price index,and thus make accurate assessment of monetary condition and form appropriate attitude towards the so called inflation or deflation as presently defined.展开更多
As the adverseness of inflation , deflation, same as the inflation, has different types .The quality and the effectiveness of anti - deflation policy are decided by such differences ofdeflation. Therefore, the pre - c...As the adverseness of inflation , deflation, same as the inflation, has different types .The quality and the effectiveness of anti - deflation policy are decided by such differences ofdeflation. Therefore, the pre - condition of implementing of anti - deflation policy is to correctly identify the type of deflation. In this article, on the basis of giving the analysis method and the definition of the deflation, the author presented the countermeasure of anti -deflation by clarifying the type of deflation and analyzing the current monetary situation in China.展开更多
文摘In societies where comprehensive free public services are provided and where the after tax income grows synchronously with the productivity growth,the merchandise (including material merchandise and service merchandise and assets merchandise) price index will systematically deviate from the welfare price index and from real purchasing power of money index,i.e.the merchandise price index will be higher than the welfare price index.I suggest labeling the gap between the merchandise price index and the welfare price index as “Public Service Deflator”.By detracting the Public Service Deflator,we can eliminate the exaggeration intrinsic in the merchandise price index,and thus make accurate assessment of monetary condition and form appropriate attitude towards the so called inflation or deflation as presently defined.
文摘As the adverseness of inflation , deflation, same as the inflation, has different types .The quality and the effectiveness of anti - deflation policy are decided by such differences ofdeflation. Therefore, the pre - condition of implementing of anti - deflation policy is to correctly identify the type of deflation. In this article, on the basis of giving the analysis method and the definition of the deflation, the author presented the countermeasure of anti -deflation by clarifying the type of deflation and analyzing the current monetary situation in China.
