• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Forbes >Spend That Cash
【24h】

Spend That Cash

机译：花那笔现金

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

It is presumed that the federal Reserve must be pumping hundreds of billions of dollars into the economy as an antidote to the recession. How curious that the Fed's balance sheet is in fect contracting. "We're in a deflationary crash," says David Malpass, the former chief economist at Bear Stearns, who now runs Encima Global, a New York City economic research firm. "Since the credit markets are shrinking, the Fed should be expanding fast"rnIt probably should be. But there's more to getting an economy going than throwing dol-rnlar bills out of Ben S. Bernanke's helicopter. People have to do something with all this money Banks have to lend it. Consumers have to use it And that part of the rescue plan is not working very well Sales of nondurable items like food and clothing fell 5.8% from year-earlier levels in January, while car sales dropped 38% during that period. Evi-rndently people are so terrified about losing their jobs that they reached into the back of the cupboard for a dusty can of soup.rnEconomists have a statistic with which to measure this reluctance to part with a dollar. It's called the velocity of money. "Velocity" is defined, roughly, as gross domestic product divided by the money supply. That ratio has collapsed from 17 early last year to around 9-meaning that money sits in a sock drawer or a bank account for about twice as long as it once did before being put to use.
机译：据推测，美联储必须向经济注入数千亿美元，以应对经济衰退。美联储的资产负债表对有效收缩有多奇怪。贝尔斯登（Bear Stearns）的前首席经济学家戴维·马尔帕斯（David Malpass）说：“我们正处于通货紧缩的崩溃中。他现在经营着纽约市经济研究公司Encima Global。 “既然信贷市场在萎缩，美联储应该迅速扩张”。但是，要实现经济发展，还不如从本·伯南克的直升飞机上扔掉美元钞票。人们必须用银行必须借出的所有这些钱来做些事情。消费者必须使用它，并且该救援计划的一部分效果不佳。食品和衣物等非耐用品的销售较1月份的去年同期下降了5.8％，而同期汽车的销售下降了38％。显然，人们对失去工作感到恐惧，以至于他们走进橱柜的后部去拿一罐尘土飞扬的汤。经济学家有一个统计数据可以用来衡量这种不愿花一美元的原因。这就是所谓的货币速度。 “速度”大致定义为国内生产总值除以货币供应量。这个比率从去年初的17跌落到9左右，这意味着钱存放在袜子抽屉或银行帐户中的时间是使用前的两倍。

著录项

  • 来源
    《Forbes》 |2009年第6期|40|共1页
  • 作者

    Daniel Fisher;

  • 作者单位
  • 收录信息 美国《科学引文索引》(SCI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号