摘要
股票价格作为最重要的金融资产价格,会通过“财富效应”、“替代效应”、“预期效应”、“新产品效应”和“工资效应”等途径影响投资和消费等宏观经济变量,进而影响包括商品劳务价格在内的一般物价水平。在发达国家和发展中国家,股票价格影响物价水平的方向和程度有着重大区别。
As the most important financial asset price, stock price will influence macro-economy variables of investment and consumption through “wealth effect”, “substitution effect”, “expectation effect”, “new product effect”, and “salary effect”, etc. and even influence general price level including commodity and labor prices. There is a significant difference between the influence of stock price upon the direction and extent of prices level in developed and developing countries.
出处
《河南金融管理干部学院学报》
2005年第5期105-109,共5页
Journal of Henan College of Financial Management Cadres
