A critical approach to wage devaluation: The case of Spanish economic recovery

In line with the orientation of EU economic policy, the Spanish government has favoured a strategy of internal devaluation as a way of adjusting price levels within the currency union. The results of empirical studies indicate that the internal devaluation applied in Spain does not seem to have attained the desired goals in terms of reducing the relative prices of exports and consolidating a model of growth based on external demand. Indeed, the estimates drawn up show that tailwinds – the depreciation of the euro and the fall in risk premium as results of the measures taken by the ECB, greater economic activity by trading partners and the fall in the price of oil – exercised a decisive influence in the trends followed by the prices of exports and the balance of trade during the period of crisis management in Spain.     

美元的霸权性及其对全球利益博弈的影响

国际利益博弈源于国家之间需求的碰撞,自1970年代起,全球发展进入后工业社会阶段,美元作为世界货币,其表面的"美金→石油美元"转换后面,是美元信用来源的"实际财富抵押→暴力抵押"的转换;该转换带来了一个全新的世界格局,即"美元/全球资源资产"与"美元/美国国债"的双跷跷板结构。美元成为世界利益博弈的核心。2012年,美元进入第三个"17年大周期升浪"和临近"5年升值小周期",世界由此进入"美元升/全球资源资产贬"的格局之中。     

我国行政事业单位国有资产管理探析

行政事业单位资产是我国国有资产的重要组成部分,在履行政府职能、加强公共管理、实施宏观调控、推动经济建设等方面发挥着重要作用。随着经济体制改革的深化,行政事业单位国有资产管理体制改革成为不可回避的一个紧迫问题。这涉及到行政事业单位国有资产的监管问题、如何发挥行政事业单位国有资产的社会效益问题、怎样防止国有资产的流失问题等。     

试论美元霸权与金融阻击策略

美元作为世界货币已经超越美国经济而拥有美元霸权。美国经济很难支撑美元霸权,美元出现明显的危机。金融阻击成为维护美元霸权的重要手段。维护美元地位,推动金融创新和控制核心产业成为金融阻击的基本策略。     

国际金融体系中“三位一体”式结构剖析

国际金融秩序与国际金融体系关系密切。国际金融秩序的动荡和金融危机频发,其重要原因在于国际金融体系中的“三位一体”式结构。这种结构对国际金融秩序的影响,主要表现在霸权国从别国攫取利益、向世界转嫁危机,从而导致国际金融秩序的动荡和全球性金融危机的爆发。     

The new EU industrial policy: authoritarian neoliberal structural adjustment and the case for alternatives

ABSTRACT

In 2017, European Commission President Jean-Claude Juncker declared the re-industrialization of the European Union (EU) a top priority. The new EU industrial policy seeks to boost industrial competitiveness and leverage investments into manufacturing, thereby increasing industry’s share of EU Gross Domestic Product (GDP) to 20% by 2020. What may appear to be a Keynesian industrial policy and thus a move away from the EU’s previous neoliberal agenda, however, seeks to calibrate a further neoliberal structural adjustment in a highly authoritarian fashion. Internal devaluation through devaluing labour, intensifying competition and reducing corporate taxes takes centre-stage. As an auxiliary to the European Semester, national productivity boards have been established to monitor wage developments alongside labour productivity and to suggest policy adjustments when cost competitiveness lags behind the Eurozone average and that of the main trading partners. Not only have formal democratic institutions and organized labour been circumvented in the decision-making process regarding such boards, they will have little voice in the future, and this an area that hitherto fell largely within the scope of member states: wage bargaining. Hence, the new EU industrial policy needs to be discredited, de-legitimized and thus, politicized. A political counter-project, rooted in an alternative industrial policy geared towards fostering horizontal and democratic solidarity economy initiatives which have proliferated since 2008, is discussed in the article’s closing pages.     

美国经济中低通胀的原因及其启示

美国巨额贸易逆差为低通胀做出了贡献 ;虚拟经济的繁荣平抑了物价波动 ;劳动生产率的提高与股票期权制、员工持股制抑制工资上涨压力 ,割裂了物价与工资互动的基础 ;而强势美元政策与知识经济的运行规律本身具有紧缩效应。美国低通胀的经验 ,可以启发我国关注I相似文献   

美元与人民币市场价单向运行的制度比较及利害研究

按照正常货币市场交易规则,任何国家的货币市场价格都应该是有升有贬的,但偏偏美元和人民币的运行偏离正常:美元自1944年以来只贬不升,人民币自1949年以来只升不贬,两种货币的运行皆表现出单向运行的特征。尽管两种货币行走在世界货币体系边沿的原因很多,但决定性因素还是两国的法律制度与普通国家存在差异。美元单向贬值给美国经济带来了巨大利益,而人民币单向升值则给中国经济带来了损害。要消除人民币市价单向升值特征,让人民币市场价回归正常运行轨道,使人民币市场价格朝有利于中国经济增长和人民福祉增加的方向运行,也需要从调整人民币法律制度入手。     

美元汇率与美国的核心国家利益

各国在国际竞争中均有其必须维护且不可触动的核心经济利益。世界范围内的“美元霸权”,体现着美国的核心国家利益;为维护和深化其核心利益,美国在国际竞争中采取了各种政治、经济和军事等手段;不断累积的美国国际收支赤字,为美元“世界货币”的地位带来潜在危机。     

嘉道时期洋铜价格与银贵钱贱关系的考察

通过对19世纪初至鸦片战争前洋铜价格的变化及洋铜在当时铸钱用铜 中所占比重大小的分析，认为嘉道时期不同身份的商人采办洋铜的价格虽然有升有降，但 总体是下降的，下降幅度并不大。同一时期洋铜自乾隆初期以降输入中国的数量 逐渐减少，到嘉道时期已占不到全国鼓铸用铜的十分之一。因此，洋铜价格的下降没有给铜 钱质量带来多大影响，洋铜价格的下降与鸦片战争前的银贵钱贱之间也没有因果关系 。