| 流动性约束、政府消费替代与中国居民消费波动 |
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| 引用本文： | 屠俊明.流动性约束、政府消费替代与中国居民消费波动[J].经济理论与经济管理,2012,32(2):37-46. |
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| 作者姓名： | 屠俊明 |
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| 作者单位： | 中国人民大学经济学院 |
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| 基金项目： | 国家社会科学基金重点项目(09AJL001) |
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| 摘 要： | 本文借用两个相关的模型探讨流动性约束和政府消费替代对于我国居民消费过度波动现象的解释力,发现流动性约束和政府消费分别通过弱化居民消费跨期优化能力和增强其对居民消费替代作用的渠道来增加居民消费波动，且前者的作用强于后者。本文同时发现流动性约束的增加减损居民福利，而政府消费替代比例的增加则能提高居民福利。
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| 关 键 词： | 流动性约束 政府消费 替代作用 消费波动 |
| 收稿时间： | 2012-01-04 |
LIQUIDITY CONSTRAINT,GOVERNMENT CONSUMPTION SUBSTITUTION AND HOUSEHOLD CONSUMPTION VOLATILITY IN CHINA |
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| TU Jun-ming.LIQUIDITY CONSTRAINT,GOVERNMENT CONSUMPTION SUBSTITUTION AND HOUSEHOLD CONSUMPTION VOLATILITY IN CHINA[J].Economic Theory and Business Management,2012,32(2):37-46. |
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| Authors: | TU Jun-ming |
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| Institution: | School of Economics, Renmin University of China, Beijing , China |
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| Abstract: | This paper used two related models to explore the relationship between liquidity constraint,government consumption substitution and household consumption volatility in China.This paper found that liquidity constraint and government consumption substitution could effectively increase household consumption volatility with the channels of weakening household’s ability of inter-temporal optimization and substitution effect.This paper also found that liquidity constraint decreased household’s welfare and government consumption substitution could help to increase household’s welfare. |
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| Keywords: | liquidity constraint government consumption substitution effect consumption volatility |
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