摘要
研究金融摩擦与经济波动的关系,是考察金融市场与宏观经济互动机制的重要视角,也是当前国内外学术界的研究热点。在一般均衡模型中加入金融摩擦并不是最近才有的新观点,但是直到最近的金融危机才使得学术界认识到金融市场对理解经济周期波动的重要性。本文对这些领域的前沿文献进行了梳理,概述了在一般宏观经济模型中描述金融摩擦对经济周期波动影响的各种理论,并对金融摩擦理论在中国宏观经济问题上的应用进行了展望。
The study on the relationship between financial frictions and economic fluctuations is an important perspective to examine the interaction mechanism between financial markets and the macro-economy,and is also the research focus of the current domestic and foreign academia.To introduce financial frictions into the general equilibrium model is not a new idea in macroeconomics.However,it is only in the recent crisis that the profession has fully recognized the importance of financial markets for interpreting business cycle fluctuations.This paper gives a systematic debrief on financial frictions research,reviews some of the most popular ideas proposed in the literature,and brings out the prospect of its application on economic issues in China.
出处
《上海金融》
CSSCI
北大核心
2012年第10期21-25,116,共5页
Shanghai Finance
关键词
金融摩擦
金融市场
经济波动
Financial Frictions
Financial Markets
Economic Fluctuations
