蛋先生与全球金融不平衡

华盛顿特区:有句老话叫:“如果你只有一把锤子,所有东西看起来都像钉子。”鉴于经济学家门将大多数问题都归结为储蓄问题的倾向,这一点在关于美国贸易逆差和全球金融不平衡的讨论中表现得最明显不过了。

在国民收入账目中,贸易逆差到代表着一个国家的消费超过了生产。从账目的角度来讲,将贸易逆差标记为负储蓄似乎是符合逻辑的。

大多数的经济学家都进而认为美国的贸易逆差是由储蓄不足造成的。但由于一个国家的贸易逆差就意味着另一个国家的贸易顺差,所以美联储德主席Ben Bernanke的说法则是要完全扭转传统的逻辑:美国的贸易逆差不是储蓄不足的结果,而是全球—特别是中国储蓄过剩所致。

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