关键词: 流动性, 流动性过剩, 测度方法

Abstract: Recently, the problem of excess liquidity has been one of the important features of China’s economy and world economy as well. Nevertheless, while reviewing the relevant literatures, we come to find out that there is a somewhat shortage of study on the measures of excess liquidity. As to this matter, the experts of European Central Bank (ECB) has proposed four measures of excess liquidity, namely the “price gap”, or “P-star”, the “real money gap”, the “nominal money gap” and the “monetary overhang”. In order to facilitate better understanding of the measures and provide some help for the relevant study, we make some efforts to translate it into Chinese. The article is translated from the paper《Measures of excess liquidity》written by Thorsten Polleit and Dieter Gerdesmeier and has been revised by the translators.

Key words: Liquidity, Excess liquidity, Measures