南方金融
南方金融
남방금융
South China Finance
2013年
3期
29~34
,共null页
政府债务 政府现金流 IS—LM模犁
政府債務 政府現金流 IS—LM模犛
정부채무 정부현금류 IS—LM모리
Government Debt; Government Cash Flow; IS-LM Model
本文在传统IS—LM模型基础上引入政府现金流曲线（RE曲线）并以此为模型分析不同政策环境下政府举债对商品市场、货币市场以及政府债务均衡的影响。本文的分析表明，政府举债对经济均衡的影响与债务资金的用途密切相关，货币需求和政府债务现金流对利率和国民收入的敏感性是决定政府举债可持续性的重要因素。
本文在傳統IS—LM模型基礎上引入政府現金流麯線（RE麯線）併以此為模型分析不同政策環境下政府舉債對商品市場、貨幣市場以及政府債務均衡的影響。本文的分析錶明，政府舉債對經濟均衡的影響與債務資金的用途密切相關，貨幣需求和政府債務現金流對利率和國民收入的敏感性是決定政府舉債可持續性的重要因素。
본문재전통IS—LM모형기출상인입정부현금류곡선（RE곡선）병이차위모형분석불동정책배경하정부거채대상품시장、화폐시장이급정부채무균형적영향。본문적분석표명，정부거채대경제균형적영향여채무자금적용도밀절상관，화폐수구화정부채무현금류대리솔화국민수입적민감성시결정정부거채가지속성적중요인소。
In this paper, the revenue and expenditure curve （RE curve） is introduced on the basis of the fundamental model of IS-LM to analyze the influence of government debts on the commodity market, monetary market and the balance of government debts underlying various policy environment. The analysis of this paper indicates that the effect of government debts on the economic balance has a solid relationship with the way of using the fund obtained by the issuance of debts. Moreover, this paper points out that one of the most important elements to the persistence of issuing government debt is the sensitivity of the curency demand and the cash flow of government debt to the interest rate and the national income.
