作　　者： ;

机构地区： 上海财经大学财经研究所

出　　处： 《财贸研究》 2005年第3期43-49,共7页

摘　　要： 资产的价格波动与财政平衡之间关系密切。资产价格波动主要是通过收入、产出和财政援助三个渠道对财政账户产生影响的,并且这种影响随资产价格波动呈现非线性和非对称特征。本文结合典型案例,对资产价格波动对财政账户的影响进行了实证分析,并根据中国实际给出了政策含义。 There is a close relationship between fiscal balance and significant price swings of main assets, such as real estate and stock.Asset price swings of influence fiscal accounts exert influence through three channels: revenue, output and bailout costs.And this kind of influence is nonlinear and asymmetric during boom and bust.This article gives a positive analysis for the impact of asset price swings on fiscal accounts, based on the evidence from Sweden and Britain.At last, it briefly discusses the important policy implications, with consideration of China's particularity.

关 键 词： 资产市场 财政风险 财政账户 资产价格

领　　域： [经济管理] [经济管理]