凯恩斯效应

货币产出效应的作用机制包括两个环节：第一环节是货币供给通过凯恩斯效应和庇古效应作用于总需求；

The mechanism of the money output effect includes two links : The first link is that the money supply influences the aggregate demand through Keynes Effect and Pigu Effect .

稳健财政政策的非凯恩斯效应及其可持续性

Non - Keynesian Effects in Stable Fiscal Policy and Its Sustainability

因此，那时的任何刺激手段都可能产生凯恩斯效应。

So any stimulus then may have had a Keynesian effect .

在实际利率低于1%的情况下，即使不计入任何凯恩斯效应，该项目也能收回成本。

At any real interest rate below 1 per cent , the project pays for itself even before taking into account any Keynesian effects .

换言之，对于国内学者来说，在公共财政理论研究方面，将研究重点适当地转移到财政政策有效性及非凯恩斯效应等问题上是一种现实的要求。

In other words , for domestic scholars , in researching public finance theory , transferring their research priorities to the effectiveness and Non-Keynesian of fiscal policy is a realistic requirement .

分析表明，由于我国财政收入政策存在显著的非凯恩斯效应，因此现阶段实施的以增收为主要方式的稳健财政政策没有对宏观经济产生明显的负面影响；

Analysis shows that the current focus of stable fiscal policy on boosting revenue has not had an obvious negative impact on the macro-economy , due to clear non-Keynesian effects in China 's fiscal revenue policy .

在现实中，财政政策既具有凯恩斯效应也具有非凯恩斯效应，财政政策效应是非线性的，财政收支的调整过程也是非线性非对称的。

However , fiscal policy has not only possible Keynesian effects , but also possible Non-Keynesian effects . The effects of fiscal policy are nonlinear , and the adjustment between fiscal revenue and fiscal expenditure is asymmetric .

首先，在认真学习、理解、梳理国内外学者相关研究成果的基础上，对财政政策有效性及非凯恩斯效应进行理论梳理和模型分析。

First , on the basis of serious studying , arranging , understanding the relevant research achievements of domestic and foreign scholars , this paper would conduct theoretical and model analysis for the effectiveness of fiscal policy and Non-Keynesian effects .

本文的不足之处主要有三点：一是虽然分析了财政政策对居民消费非线性效应的产生机制，但未实际考察我国财政政策非凯恩斯效应的产生究竟是因预期效应、财富效应抑或替代效应。

First , although the paper analyzed generating mechanism of nonlinear effect about fiscal policy on residents ' consumption , but the article did not actually review whether no-Keynes effect of fiscal policy took place because of expectation effect , wealth effect or substitution effect .

有关财政赤字凯恩斯增长效应的学术证据绝对是非决定性的。

The academic evidence on Keynesian growth effects of fiscal deficits is thoroughly inconclusive .

但是，随着价格总水平的持续下降，这种对总需求的扩张效应，会通过庇古财富效应的转向、凯恩斯利率效应的转向和蒙代尔-弗莱明汇率效应的制约等，对总需求产生负向效应。

However , with the sustained fall in the general price level , that expansionary effect on the general demand will change to affect the general demand negatively by the direction changing of Pigou-effect , Keynes-effect and the restriction of Mundel-Fleming-effect .

论文认为，在价格总水平下降的初期，价格总水平的下降可能会通过庇古的财富效应、凯恩斯的利率效应和蒙代尔-弗莱明汇率效应对总需求产生积极的影响。

This paper thinks , in the early day of the price falling , the lower general level of prices may effect the general demand positively by Pigou-effect , Keynes-effect and Mundel-Fleming-effect .