• 论文 •

住户部门资产替代及其政策效应研究

• 出版日期:2015-07-15 发布日期:2015-07-17

Research on Assets Substitutability and It’s Policy Effect of Household sector

Zhang Shuai

• Online:2015-07-15 Published:2015-07-17

Abstract: This paper firstly measured China household sector’s assets substitutability among deposits, stocks and real estates by calculating Morishima elasticity of substitution (MES) based on globally regular and locally flexible functional form—Minflex Laurent Model, and then analyzed the implications of the MES, meanwhile a specific combined policy used to achieve fixed assets structural adjustment goal was simulated also, the simulation provided a concrete operation scheme for household assets structural control which broke through the traditional single asset demand control pattern. The results of this paper can provide important basis for macroeconomic control.