-- by 会员 蓝柏 (2013/3/3 13:36:10)
蓝柏 刚才提到的那篇gwd我这边贴给你,可以和狗主确认下,希望能帮到大家:) Many economists believe that a很多经济学家相信,美国高企业储 high rate of business savings in the蓄率是投资的必要先兆,因为企业 United States is a necessary precursor积蓄与个人积蓄不同,几乎包含了Line toinvestment, becausebusiness sav-国家储蓄率的4分之3,而国家储(5) ings, as opposed to personal savings,蓄率极大影响商业投资的整体比率comprisealmost three-quarters of thenationalsavings rate, and the nationalsavingsrate heavily influences theoverallrate of business investment.(10) These economists further postulate这些经济学家进一步假定真实利率that realinterest rates—the difference -贷率与通胀率之差-在国家储蓄超between therates charged by lenders过商业投资(造成储蓄过剩)的情况and theinflation rates—will be low when下会较低,反之较高。nationalsavings exceed business(15) investment (creating a savings surplus),and high when national savings fallbelow thelevel of business investment(creating asavings deficit ). However,然而,在1960’s,真实利率在国家duringthe 1960’sreal interest rates储蓄过剩的情况下经常较高。(20) wereoften higher when the national savingssurplus was large. Counter-相反的情况同样发生,从1980到 intuitive behavior also occurred when 1982年,虽然国家储蓄与投资大realinterest rates skyrocketed from体持平,真实利率从2%飙升至7%2 percentin 1980 to 7 percent in 1982,(25) even though national savings andinvestmentswere roughly equalthroughoutthe period. Clearly, real很明显,真实利率并非受储蓄/投资interestrates respond to influences关系的影响。other thanthe savings/investment(30) nexus. Indeed,real interest rates may确实,真实利率可能本身就影响储themselvesinfluence swings in the蓄和投资率的波动。savings andinvestment rates. As real当真实利率在1979年后猛升,外 interest rates shot up after 1979, for-国投资者向美国灌输资金,国内eigninvestors poured capital into the商品价格在国外升得可怕,而国内(35) United States, the price of domestic的外国商品价格变得更低。goodsincreased prohibitively abroad,and theprice of foreign-made goodsbecamelower in the United States. As结果,国内经济活动与企业储蓄a result, domestic economic activity投资能力受到限制。(40) and the ability of businesses to saveand investwere restrained.-- by 会员 ashcroft (2013/3/17 14:59:47)
好的~我已发给狗主了~谢谢 |