arXivDaily arXiv每日学术速递 周一至周五更新
arXiv周末暂无论文更新,休息一下吧,周末愉快~~
arXiv physics/0507159physics.soc-phcond-mat.stat-mechq-fin.GN
收藏

生命周期模型中的货币流通速度

The Velocity of Money in a Life-Cycle Model

Yougui Wang, Hanqing Qiu

摘要:

基于生命周期假说,对货币流通速度的决定因素进行了研究。货币流通速度可以用持有时间的平均值的倒数来表示,持有时间被定义为一个单位货币参与交易的时间间隔。该表达式表明,货币流通速度受经济主体行为模式的制约,为构建货币流通速度的微观基础提供了一条途径;研究发现,代表性个体的收入和支出的时间模式可以从一个简单的生命周期模型中得到,个体最优选择所导致的货币平均持有时间取决于相关计划期的预期长度。

英文摘要:

The determinants of the velocity of money have been examined based on life-cycle hypothesis. The velocity of money can be expressed by reciprocal of the average value of holding time which is defined as interval between participating exchanges for one unit of money. This expression indicates that the velocity is governed by behavior patterns of economic agents and open a way to constructing micro-foundation of it. It is found that time pattern of income and expense for a representative individual can be obtained from a simple version of life-cycle model, and average holding time of money resulted from the individual's optimal choice depends on the expected length of relevant planning periods.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

↑