一、引言货币量、产出量与价格水平的关系可以用公式M=(TP)/V来表示其中,M为货币量,T为产出量,P为价格,V为货币流量速度.在这里,我们假定:第一,货币量是一个外生变量,即可由货币当局货币政策左右的变量;第二,货币流通速度是稳定的常量.于是,货币数量的变动只会引起产出量和价格水平的变化.在货币理论中,关于货币能否推动产出增长问题,各学派意见分歧很大,有的认为货币只对价格水平发挥作用、而有的则认为货币也会对产出量产生影响.我的看法是,不能简单论定货币到底能否推动产出增长,而要认真分析具体的经济背景.如果经济过程中存在着可 I. INTRODUCTION The relationship between the amount of money, the amount of output and the price level can be expressed by the formula M = (TP) / V, where M is the amount of money, T is the amount of output, P is the price, and V is the currency flow rate. Here, we assume: First, the amount of money is an exogenous variable, a variable that can be dominated by monetary authorities' monetary policy. Second, the velocity of money is a constant and therefore the change in the amount of money can only lead to output In the monetary theory, whether the currency can promote the output growth, the opinions of the various schools are quite different, some think that the currency only plays a role in the price level, while others think that the currency will also affect the output My opinion is that we can not simply determine whether money can promote output growth, but to carefully analyze the specific economic background if the existence of the economic process may