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2022-03-26
摘要翻译:
研究表明,美国经济在现实中长期受凯恩斯主义经济学方法的支配,独立于现行的官方经济政策。这是通过计算DJIA和美国公共债务波动之间的两点相关函数来实现的。我们发现,这种情况的起源主要与美国在所调查的时间段内所打的战争有关。战争意味着大量公共资金流入经济,从而导致Djia的经济大幅好转。我们的分析得出这一直截了当的结果的一个原因是,在美国领土上发生的战争很少,而在18世纪发生的战争是有限的,当时城市、工厂、铁路等的部分破坏对整体经济的影响较小。
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英文标题:
《Keynesian Economics After All》
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作者:
A. Johansen and I. Simonsen
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最新提交年份:
2011
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分类信息:

一级分类:Quantitative Finance        数量金融学
二级分类:General Finance        一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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英文摘要:
  It is demonstrated that the US economy has on the long-term in reality been governed by the Keynesian approach to economics independent of the current official economical policy. This is done by calculating the two-point correlation function between the fluctuations of the DJIA and the US public debt. We find that the origin of this condition is mainly related to the wars that the USA has fought during the time period investigated. Wars mean a large influx of public money into the economy, thus as a consequence creating a significant economical upturn in the DJIA. A reason for this straight-cut result of our analysis, is that very few wars have been fought on US-territory and those that have, were in the 18th century, when the partial destruction of cities, factories, railways and so on, was more limited and with less effect on the over-all economy.
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PDF链接:
https://arxiv.org/pdf/1107.3095
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