作　　者： ;

机构地区： 复旦大学经济学院世界经济研究所

出　　处： 《国际经贸探索》 2003年第5期8-11,共4页

摘　　要： 文章利用汇率理论的“超调”和行为金融学的“过度反应”等概念,引入价格和真实汇率等因素对固定汇率、资本完全不流动条件下的蒙代尔-弗莱明模型进行讨论,说明在其它条件不变时,扩张的货币政策导致紧缩经济的结果,反之反是;文章还讨论了中国货币政策的有效性和蒙代尔-弗莱明模型在中国的适用性等问题。 Approached by adopting the concepts of 'overshooting' and 'overreaction' taken from the theories of exchange rate and behavior finance and by introducing the factors such as 'price factor' and real exchange rate, the paper aims to discuss the Mudell-Fleming model under the conditions of fixed exchange rate and lack of capital flow. It is revealed that with the other conditions unvaried, the expanding currency policy will lead to deflating economy and vice versa. Besides, the paper touches upon the effective-ness of China's currency policy as well as adaptation of the Mudell-Fleming model in China.

关 键 词： 蒙代尔 弗莱明模型 超调 过度反应 政策有效性

领　　域： [经济管理] [经济管理]