|
在楼主的这一观点上,恐怕是不正确的:
The so-called real economic growth as depicted by real GDP has nothing to do with the real world. It is only on account of misleading price deflators that the increase in money supply leads to the increase in so-called real GDP.
In reality, however, an increase in money supply by a given percentage in a particular market simply raises the price of a given good in this market by the percentage increase in money supply. This in turn means that the change in spending in real terms will be nil.
Thus, if monetary expenditure on tomatoes goes up by 10%, all other things being equal, the price of tomatoes will also go up by 10%. (Remember, the price of a good is just the amount of money paid for it). In real terms, however, the rate of increase is nil, since the 10% increase in monetary expenditure is offset by the 10% increase in the price of tomatoes.
If instead we were to employ an average-price increase (the GDP framework deals with average prices) and use it in the calculation of spending in real terms, we could get misleading results. For instance imagine that money moved only to tomatoes and didn't as yet move to the market for potatoes. The average increase in the prices of these two goods will be (10% + 0%) / 2 = 5%. If we now adjust the increase in monetary expenditure of 10% by 5% we will get an increase in real spending of 5%.
|