[The Savings Glut and the Economic Crisis]
Based on the savings glut argument, proposed a new point of view that unlike the neoclassical and Keynesian, and on this basis, shows the current plight of the Chinese economy is heavily reliant on the root cause of the investment. Since 2008 the world financial crisis, reflections on macroeconomics and questions have been constantly. This paper argues that the economic disconnection between theory and reality is rooted in not distinguish the difference between real investment demand and monetary investment demand. There is the savings glut, from the real economy,this is the main cause for the emergence of economic difficulties.The fundamental way of China to resolve the current difficulties is not a big increase in investment, but the expansion of consumption through the reform of income distribution..
|Date of creation:||25 Oct 2013|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter Temin, 1991. "Lessons from the Great Depression," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262700441.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:50931. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.