利率下降对我国居民跨期消费选择的影响分析

利率下降对居民跨期消费选择影响存在收入效应和替代效应.由于这两种效应对居民当期消费的作用方向完全相反,因而总效应要取决于这两种效应的强弱.对于我国中低收入居民来说,利率下降对其跨期消费选择的收入效应特别明显,替代效应则趋于零,因而降患反而会减少其当期消费数量.对于我国中高收入居民来说,利率下降对其跨期消费选择的替代效应在很大程度上被收入效应所抵消了,因而降息拉动其当期消费也不明显.为了刺激居民消费,除了实施降息政策以外,还必须采取其他政策与之配合.

An Analysis on the Effects of Declining Interest Rates on Chinese Resident's Inter-temporal Consumption Choice

The effects of declining interest rates on resident's inter-temporal consumption choice include substitution effect and income effect. These two effects on resident's temporal consumption are opposite,so the gross effects lie on the relative strength of the two effects. Concerning the effects of declining interest rates on low and middling income resident's inter-temporal consumption choice,the income effect is conspicuous,and the substitution effect is inconspicuous,so declining interest rates will decreas...