【摘要】 本文基于拓展的交易方程式提出总体货币流通速度的概念,总货币流通速度的变化可以从两个方面进行分析:各部门货币流通速度的变化以及各部门交易货币持有量占总交易货币量比重的变化。本文根据我国资金流量表的分部门结构,分析了企业、居民、政府三个主要经济部门货币流通速度的特征,并对三部门交易货币持有量占总交易货币量比重的变化对总体货币流通速度的影响做了分析。总体货币流通速度的分部门考察为我们揭示狭义货币流通速度(GNP/M1)的变动规律提供了新的视角。更多还原

【Abstract】 This paper presents the concept of aggregate velocity, which is based on the extended identity of exchange.The changes in aggregate velocity can be discussed in two ways:the changes in the velocity of each economic sector and changes in the shares of the total money stock held by each economic sector .Based on the Flow of Funds Accounts of China,this paper analyzes the monetary velocity of nonfinancial corporate, consumer and government sectors,and also makes a analysis of the effect on aggregate velocity of weight shifts of total money held by the three sectors .The analysis of aggregate velocity divided by economic sectors can add to our understanding of the behavior of narrow velocity of circulation(GNP/M1).更多还原