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Money Illusion and the Market

机译:金钱幻觉与市场

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摘要

Imagine a consumer who discovers to his surprise that the money in his bank account and his salary have doubled overnight. Now suppose that all prices have also doubled overnight. Will this consumer be happy about being awash with money? Will he feel richer today and buy more or different goods than he did yesterday? Not according to standard economic theory. After all, he has to work the same number of minutes to buy, say, a loaf of bread, and can therefore afford to buy exactly the same set of goods as he did yesterday. In short, the boost in purely "nominal" terms (which inflates all monetary values by the same factor) should not affect behavior because nothing has changed in "real" terms (i.e. when taking this inflation properly into account).
机译:想象一下,一位消费者惊讶地发现,他的银行帐户中的钱和他的工资在一夜之间翻了一番。现在假设所有价格在一夜之间也翻了一番。这个消费者会为充裕的金钱感到高兴吗?他今天会比昨天更富有,会购买更多或不同的商品吗?不符合标准的经济理论。毕竟,他必须花费相同的分钟数来购买一条面包,因此有能力购买与昨天相同的商品。简而言之,纯粹的“名义”用语的增加(以相同的系数使所有货币价值膨胀)不应影响行为,因为在“实际”用语中没有任何变化(即在适当考虑通货膨胀时)。

著录项

  • 来源
    《Science》 |2007年第5841期|1042-1043|共2页
  • 作者

    Jean-Robert Tyran;

  • 作者单位

    Department of Economics, University of Copenhagen, Studiestraede 6, DK-1455 Copenhaaen, Denmark;

  • 收录信息 美国《科学引文索引》(SCI);美国《工程索引》(EI);美国《生物学医学文摘》(MEDLINE);美国《化学文摘》(CA);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 自然科学总论;
  • 关键词

  • 入库时间 2022-08-18 02:55:59

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