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- W2368475087 abstract "Excessive money (EM) in China has always been a most disputable issue in academe, and there are many kinds of explanation (theoretical hypothesis) to the formation of excessive money. After analyzing the irrationality and defects of those relevant studies, the paper puts forward a new hypothesis—progressive decrease of marginal propensity to consume. It holds that marginal propensity to consume can be used to influence the currency circulation speed so as to hide away some of the impacts of income on currency supply, which leads to the existence of excessive money. In the end, the paper discusses the harms and handlings of EM in the light of the new model." @default.
- W2368475087 created "2016-06-24" @default.
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- W2368475087 date "2003-01-01" @default.
- W2368475087 modified "2023-09-28" @default.
- W2368475087 title "A Thinking on Excessive Money—— Hypothesis of Marginal Propensity to Consume" @default.
- W2368475087 hasPublicationYear "2003" @default.
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