{"id":7863,"date":"2024-12-16T14:15:41","date_gmt":"2024-12-16T06:15:41","guid":{"rendered":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/?p=7863"},"modified":"2025-01-10T07:43:30","modified_gmt":"2025-01-09T23:43:30","slug":"%e2%98%86%e7%b6%93%e6%bf%9f%e5%ad%b8%e5%ae%b6%e7%9c%8b%e5%a4%ae%e8%a1%8c%e8%88%87%e8%b2%a8%e5%b9%a3%e6%94%bf%e7%ad%96%ef%bd%9e%e5%86%8d%e8%ab%87%e8%87%b4%e5%af%8c%e7%9a%84%e7%89%b9%e6%ac%8a","status":"publish","type":"post","link":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/?p=7863","title":{"rendered":"\u2606\u7d93\u6fdf\u5b78\u5bb6\u770b\u592e\u884c\u8207\u8ca8\u5e63\u653f\u7b56\uff5e\u518d\u8ac7\u81f4\u5bcc\u7684\u7279\u6b0a"},"content":{"rendered":"\n<p class=\"has-larger-font-size\">\uff62\u5fc3\u5f97\uff1a\u6709\u5f88\u591a\u6559\u6388\u5011\u6c42\u5b78\u548c\u51fa\u570b\u7684\u7d93\u9a57\uff0c\u88e1\u9762\u8ad6\u53ca\u53f0\u7063\u592e\u884c\u5c0d\u8ca8\u5e63\u7684\u63a7\u7ba1\uff0c\u5f88\u91cd\u8981\u3001\u5f88\u91cd\u8981\uff0c\u5c24\u5176\u662f\u9673\u5357\u5149\u6559\u6388\u8ac7\u5230\u65b0\u53f0\u5e63\u548c\u8cc7\u7522\u7684\u90e8\u5206\u3002\uff63<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-larger-font-size\"><strong>\u65ed\u6607\u6559\u6388&amp;\u5357\u5149\u6559\u6388<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5cf6\u5dbc\u5bd3\u8a00(\u8ad6\u6587)\uff5e\u5e02\u5834\u5340\u9694\u8207\u8a0a\u606f\u7d50\u69cb\u3002\u9673\u6559\u6388\u56de\u570b\u6240\u505a\u7684\u7814\u7a76\uff0c\u90fd\u8ddf\u623f\u50f9\u6709\u95dc\u3002<\/li>\n\n\n\n<li>\u73fe\u5728\u53f0\u7063\u7684<strong>\u79df\u5c4b\u5e02\u5834<\/strong>\u6bd420~30\u5e74\u524d\u597d\u4e00\u4e9b\uff0c\u4f46\u662f\u8ddd<strong>\u96e2\u9ad8\u5ea6\u900f\u660e\u5065\u5168\u7684\u5e02\u5834\uff0c\u9084\u662f\u5f88\u9060<\/strong>\u3002<\/li>\n\n\n\n<li>\u623f\u5730\u7522\u662f\u6240\u6709\u985e\u578b\u8cc7\u7522\u4e2d\u6700\u91cd\u8981\u7684\u64d4\u4fdd\u54c1\uff0c\u623f\u50f9\u8b8a\u52d5\u6703\u986f\u8457\u5f71\u97ff\u623f\u5c4b\u6295\u8cc7\u3001\u501f\u8cb8\u3001\u5bb6\u5ead\u6d88\u8cbb\u548c\u8cfc\u5c4b\uff0c\u4ee5\u53ca\u5ee0\u5546\u6295\u8cc7\u3002<\/li>\n\n\n\n<li>\u80a1\u7968\u50f9\u683c\u5f80\u5f80\u9818\u5148\u623f\u50f9\uff0c<strong>\u80a1\u50f9\u548c\u623f\u50f9\u7684\u6ce2\u52d5\u4f4f\u8981\u7531\u9280\u884c\u4fe1\u7528\u6240\u9a45\u52d5<\/strong>\uff0c\u800c\u5f71\u97ff\u9280\u884c\u9280\u884c\u4fe1\u7528<strong>\u6700\u4e3b\u8981\u7684\u56e0\u7d20\u662fM1B\u6210\u9577\u7387<\/strong>\u3002<\/li>\n\n\n\n<li>\u7f8e\u570b2008\u6b21\u8cb8\u5371\u6a5f\u5f8c\uff0c\u624d\u89ba\u5f97\u8981\u5728\u7e3d\u9ad4\u6a21\u578b\u88e1\u8003\u616e\u623f\u5730\u7522\uff0c\u904e\u53bb\u4e00\u76f4\u5ffd\u7565\uff0c\u623f\u50f9\u6ce2\u52d5\u57282000\u5e74\u4ee3\u521d\u671f\uff0c\u4ecd\u505c\u7559\u5728\u7d55\u5927\u90e8\u5206\u7e3d\u9ad4\u7d93\u6fdf\u5b78\u8005\u8996\u91ce\u4e4b\u5916\uff0c\u56e0\u70ba\u9280\u884c\u548c\u91d1\u878d\u76e3\u7406\u7576\u5c40\u8a8d\u70ba\u623f\u5c4b\u8cb8\u6b3e\u662f\u76f8\u5c0d\u4e0a\u4f4e\u98a8\u96aa\u7684\u8cc7\u7522\u3002<\/li>\n\n\n\n<li>\u7f8e\u570b80\u672b~90\u5e74\u4ee3\u521d\u767c\u751f\u5132\u8cb8\u696d\u5371\u6a5f\uff0c\u5132\u8cb8\u696d\u4e3b\u8981\u662f\u5438\u6536\u77ed\u671f\u5b58\u6b3e\u627f\u505a\u9577\u671f\u56fa\u5b9a\u5229\u7387\u7684\u623f\u5c4b\u8cb8\u6b3e\uff0c\u800c\u7576\u6642\u662f\u8a8d\u70ba\u662f\u5132\u8cb8\u696d\u7684\u5230\u5176\u671f\u9650\u7f3a\u53e3(\u8cc7\u7522\u8ca0\u50b5\u7684\u671f\u9650\u932f\u914d)\u6975\u5927\uff0c\u4e14\u6d89\u5165\u9ad8\u98a8\u96aa\u7684\u5546\u696d\u4e0d\u52d5\u7522\uff0c\u800cFed\u57281979~1981\u5927\u5e45\u5347\u606f\u6240\u81f3\u4e26\u975e\u623f\u5c4b\u5e02\u5834\u672c\u8eab\u554f\u984c\u3002<\/li>\n\n\n\n<li>\u7576\u8a31\u591a\u9280\u884c\u5927\u5e45\u589e\u52a0\u623f\u5c4b\u8cb8\u6b3e\uff0c\u6301\u6709\u76f8\u4f3c\u8cc7\u7522\uff0c\u7cfb\u7d71\u98a8\u96aa\u5c07\u6703\u986f\u8457\u4e0a\u5347\uff0c\u56e0\u4e00\u65e6\u53cd\u8f49\u623f\u50f9\u5927\u5e45\u4e0b\u8dcc\uff0c\u9055\u7d04\u7387\u4e0a\u5347\u5c31\u6703\u5927\u91cf\u62cb\u552e\u6216\u6cd5\u62cd\uff0c\u4e26\u9032\u4e00\u6b65\u58d3\u4f4e\u50f9\u683c\uff0c\u9280\u884c\u8ca1\u52d9\u60e1\u5316\u5c07\u5a01\u8105\u6574\u9ad4\u91d1\u878d\u7a69\u5b9a\u3002\u9700\u5f9e\u7e3d\u9ad4\u5be9\u614e\u9593\u88e1\u7684\u89d2\u5ea6\u53bb\u601d\u8003\uff0c\u592e\u884c\u6709\u5fc5\u8981<strong>\u7528\u7a69\u5b9a\u623f\u50f9\u8207\u4fe1\u7528\u6210\u9577\u7684\u5207\u5165\u9ede\u53bb\u7a69\u5b9a\u91d1\u878d<\/strong>\u3002<\/li>\n\n\n\n<li><strong>\u623f\u5c4b\u6de8\u503c\u8cb8\u6b3e\u5728\u6b50\u7f8e\u76db\u884c<\/strong>\uff0c\u56e0\u6b64\u623f\u50f9\u8b8a\u52d5\u5c0d\u6d88\u8cbb\u5f71\u97ff(\u8ca1\u5bcc\u6548\u679c)\u5f88\u9ad8\uff0c\u4f46<strong>\u53f0\u7063\u53ea\u6709\u5c11\u6578\u9280\u884c\u63d0\u4f9b<\/strong>\uff0c\u6216\u8a31\u53f0\u7063\u5bb6\u5ead\u5132\u84c4\u7387\u9ad8\u4e0d\u9700\u8981\u623f\u5c4b\u6de8\u503c\u8cb8\u6b3e\u63d0\u4f9b\u6d41\u52d5\u6027\uff0c\u5be6\u8b49\u53f0\u7063\u8cc7\u6599\u767c\u73fe\uff0c<strong>\u53f0\u7063\u623f\u50f9\u5c0d\u7e3d\u6d88\u8cbb\u6c92\u6709\u8ca1\u5bcc\u6548\u679c<\/strong>\u3002(\u91dd\u5c0d\u623f\u50f9\u8b8a\u52d5\u9032\u884c\u6de8\u503c\u63d0\u53d6\u6240\u9054\u5230\u7684\u8ca1\u5bcc\u6548\u679c)<\/li>\n\n\n\n<li>\u623f\u50f9\u96d6\u5c0d\u6574\u9ad4\u8ca1\u5bcc\u6548\u679c\u4e0d\u660e\u986f\uff0c\u4f46\u623f\u50f9\u8b8a\u52d5\u5c0d\u4e0d\u540c\u65cf\u7fa4\u6d88\u8cbb\u6709\u986f\u8457\u7684\u5206\u914d\u6548\u679c\uff1a\u623f\u50f9\u4e0a\u6f32\u5c0d\u5e74\u8f15\u65cf\u7fa4\u548c\u79df\u5c4b\u8005\u6709\u986f\u8457\u8ca0\u9762\u5f71\u97ff\uff0c\u4e26\u4e14\u6703\u6392\u64e0\u5176\u4ed6\u7522\u696d\u7684\u8cc7\u6e90\uff0c\u5982\u5927\u5e45\u4e0a\u5347\u6703\u7522\u751f\u91cd\u5206\u914d\u7684\u6548\u679c\uff0c\u52a0\u5287\u8ca1\u5bcc\u5206\u914d\u4e0d\u5747\u3002(\u50f9\u683c\u5c0e\u5f15\u8cc7\u6e90\u914d\u7f6e\uff0c\u7d93\u6fdf\u5b78\u53ea\u6709\u5747\u8861\u50f9\u683c\u6c92\u6709\u5408\u7406\u50f9\u683c)<\/li>\n\n\n\n<li>\u8de8\u570b\u8cc7\u6599\u986f\u793a\uff0c<strong>\u9280\u884c\u4fe1\u7528\u548c\u623f\u5730\u7522\u50f9\u683c\u4e4b\u9593\u76f8\u4e92\u5f37\u5316\u4f5c\u7528\uff0c\u6703\u5c0e\u81f4\u6301\u7e8c\u7684\u4fe1\u7528\u548c\u623f\u5e02\u64f4\u5f35<\/strong>\uff0c\u6703\u5c07\u52de\u52d5\u529b\u5c0e\u5411\u4f4e\u751f\u7522\u529b\u7684\u5ee0\u5546(\u6709\u5927\u91cf\u571f\u5730\u537b\u751f\u7522\u4f4e\u7684\u5ee0\u5546)\uff0c\u5c24\u5176\u662f\u90a3\u4e9b\u66ab\u6642\u5927\u5e45\u81a8\u8139\u623f\u5730\u7522\u76f8\u95dc\u90e8\u9580\uff5e\u623f\u5730\u7522\u5927\u6f32\u6642\uff0c\u71df\u5efa\u7684\u7522\u51fa\u548c\u751f\u7522\u529b\u4e26\u6c92\u6709\u63d0\u5347\uff0c\u537b\u8b93\u6574\u9ad4\u7d93\u6fdf\u548c\u88fd\u9020\u696d\u7522\u51fa\u6210\u9577\u548c\u751f\u7522\u529b\u986f\u8457\u4e0b\u964d\u2026.\u8cc7\u6e90\u8aa4\u7f6e\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u623f\u50f920\u5e74\u5be6\u8cea\u7d2f\u8a08\u6f32\u5e45\u5168\u4e16\u754c\u540d\u5217\u524d\u8305\uff0c\u53f0\u7063\u9280\u884c\u6d41\u52d5\u6027\u5e7e\u5341\u5e74\u5145\u5206\u6490\u4f4f\u623f\u50f9\uff0c\u9054\u5230\u6c3e\u6feb\u5730\u6b65\uff0c\u5176\u4e3b\u8981\u539f\u56e0\u662f<strong>\u592e\u884c\u5916\u532f\u5e72\u9810\u6c92\u6709\u5145\u5206\u6c96\u92b7\uff0c\u4f7f\u9f90\u5927\u7684\u6d41\u52d5\u6027\u5f85\u5728\u9280\u884c\u9ad4\u7cfb\u88e1\uff0c\u4e5f\u5c0e\u81f4\u53f0\u7063\u9577\u671f\u7684\u8d85\u4f4e\u5229\u7387<\/strong>\u74b0\u5883\uff5e\u9577\u671f\u4f4e\u5229\u548c\u6d41\u52d5\u6027\u6c3e\u6feb\u662f\u652f\u6490\u9ad8\u623f\u50f9\u7684\u4e3b\u56e0\uff0c\u6b63\u56e0\u70ba\u9280\u884c\u9ad4\u7cfb\u6d41\u52d5\u5145\u8db3\uff0c\u5728\u91d1\u878d\u5371\u6a5f\u767c\u751f\u6642\u653f\u7b56\u7684\u652f\u6490\uff0c\u4f7f\u53f0\u7063\u4e0d\u9700\u8981\u50cf\u5176\u4ed6\u570b\u5bb6\u91d1\u878d\u6a5f\u69cb\u9762\u81e8\u53bb\u69d3\u687f\u7684\u58d3\u529b\uff5e\u623f\u50f9\u8dcc\u4e0d\u9700\u8981\u6025\u8457\u4f4e\u50f9\u62cb\u552e\uff0c\u5c0e\u81f4\u623f\u50f9\u518d\u5d29\u8dcc\uff0c\u56e0\u70ba<strong>\u6709\u7ba1\u9053\u501f\u5230\u8cc7\u91d1<\/strong>\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u592e\u884c\u53cd\u5c0d\u7528\u5229\u7387\u653f\u7b56\u4f86\u56e0\u61c9\u9ad8\u623f\u50f9\uff0c\u751a\u81f3\u8a8d\u70ba\u6bd4\u5176\u4ed6\u570b\u5bb6\u63d0\u65e9\u5347\u606f\u6703\u52a9\u6f32\uff0c\u592e\u884c\u662f\u5426\u61c9\u4f7f\u7528\u8ca8\u5e63\u653f\u7b56(\u5229\u7387)\u4f86\u56e0\u61c9\u8cc7\u7522\u50f9\u683c\u8b8a\u52d5\uff5e\u9006\u98a8\u9802\u7acb\u653f\u7b56(lean against the the wind, LAW)\uff0c\u5df2\u6301\u7e8c\u722d\u8ad6\u6578\u5341\u5e74\u3002<\/li>\n\n\n\n<li>Bernanke\u8207Gertler\u6587\u7ae01999\u6307\u51fa\uff0c\u53ea\u6709\u5728\u8cc7\u7522\u50f9\u683c\u5f71\u97ff\u901a\u81a8\u4e0b\uff0c\u8ca8\u5e63\u653f\u7b56\u624d\u61c9\u5c0d\u8cc7\u7522\u50f9\u683c\u7684\u6ce2\u52d5\u4f5c\u51fa\u53cd\u61c9\uff0c\u800c\u5927\u90e8\u5206\u9019\u4e9b\u6587\u7ae0\u8003\u616e\u7684\u8cc7\u7522\u50f9\u683c\u662f\u80a1\u50f9\uff0c\u8fd1\u4f86\u624d\u6709\u4e00\u4e9b\u7814\u7a76\u8003\u616e\u623f\u50f9\u3002<\/li>\n\n\n\n<li>Svensson\u7814\u7a76\u745e\u5178\u63d0\u9ad8\u5229\u7387\u6291\u5236\u623f\u50f9\uff0c\u537b\u5c0e\u81f4\u5931\u696d\u7387\u5927\u5e45\u5ea6\u63d0\u9ad8\uff0c\u4e3b\u5f35\u9006\u98a8\u9802\u7acb\u662f\u4e00\u7a2e\u5927\u800c\u7121\u7576\u7684\u653f\u7b56\uff0c\u8a8d\u70ba\u91dd\u5c0d\u91d1\u878d\u90e8\u9580\uff0c\u7e3d\u9ad4\u5be9\u614e\u5de5\u5177\u662f\u6bd4\u8f03\u6709\u6548\u7684\u505a\u6cd5\u3002\u6700\u8fd1\u5be6\u8b49\u6587\u737b\u767c\u73fe\uff0c\u7e3d\u9ad4\u5be9\u614e\u5c0d\u6e1b\u7de9\u9280\u884c\u4fe1\u7528\u6210\u9577\u6709\u986f\u8457\u6548\u679c\u3002(\u8ca8\u5e63\u653f\u7b56\u548c\u7e3d\u9ad4\u5be9\u614e\u5177\u6709\u4e92\u88dc\u4f5c\u7528)<\/li>\n\n\n\n<li><strong>\u6291\u5236\u8cc7\u7522\u9762\u98a8\u96aa\u7684\u7e3d\u9ad4\u5be9\u614e\u5de5\u5177\uff1a<\/strong>\u53cd\u5faa\u74b0\u8cc7\u672c\u63d0\u5217(\u8981\u6c42\u9280\u884c\u589e\u52a0\u8cc7\u672c\u63d0\u5217\u907f\u514d\u904e\u5ea6\u69d3\u687f)\u3001\u5177\u524d\u77bb\u6027\u7684\u5446\u5e33\u6e96\u5099\u3001\u7cfb\u7d71\u6027\u8cc7\u672c\u63d0\u5217(\u91dd\u5c0d\u7279\u5b9a\u696d\u52d9-\u623f\u5730\u7522\u8cb8\u653e\u63d0\u5217\u66f4\u591a\u8cc7\u672c)\u3001\u6d41\u52d5\u6027\u8981\u6c42(\u91dd\u5c0d\u91d1\u878d\u6a5f\u69cb\u8abf\u6574\u61c9\u63d0\u7684\u6d41\u52d5\u6e96\u5099-\u9650\u5236\u69d3\u687f\u6bd4\u7387)\u3001\u57fa\u65bc\u6574\u9ad4\u98a8\u96aa\u9650\u5236\u8cb8\u6b3e\u689d\u4ef6-\u6210\u6578\u3001\u8abf\u6574\u4fdd\u8b49\u91d1\u6bd4\u4f8b\u3002<\/li>\n\n\n\n<li>\u6291\u5236\u8cc7\u7522\u9762\u98a8\u96aa\u7684\u500b\u9ad4\u5be9\u614e\u5de5\u5177\uff1a\u8cc7\u672c\u54c1\u8cea\u8207\u6578\u91cf\u8981\u6c42\u3001\u9650\u5236\u69d3\u687f\u6bd4\u7387\u3001\u6d41\u52d5\u6027\u898f\u7bc4\u3001\u9650\u5236\u4ea4\u6613\u5c0d\u624b\u4fe1\u7528\u98a8\u96aa\u3001\u9650\u5236\u9280\u884c\u696d\u52d9\u6d3b\u52d5(\u6295\u6a5f\u76ee\u7684\u4e4b\u4ea4\u6613)\u3001\u5f37\u5316\u98a8\u96aa\u7ba1\u7406<\/li>\n\n\n\n<li>\u7dad\u6301\u91d1\u878d\u7a69\u5b9a\u662f\u592e\u884c\u653f\u7b56\u76ee\u6a19\u4e4b\u4e00\uff0c\u4efb\u4f55\u5a01\u8105\u4f86\u6e90\u90fd\u5fc5\u9808\u96a8\u6642\u76e3\u63a7\uff0c\u5fc5\u8981\u6642\u8981\u904b\u7528\u9069\u7576\u5de5\u5177\uff0c\u7814\u7a76\u6307\u51fa\u7576\u91d1\u878d\u5371\u6a5f\u6d89\u53ca\u623f\u50f9\u5d29\u8dcc\uff0c\u5f80\u5f80\u6703\u9020\u6210\u66f4\u6df1\u9060\u7684\u8870\u9000\u4ee5\u53ca\u66f4\u6f2b\u9577\u7684\u5fa9\u7526\u3002\u5982\u8a8d\u70ba\u592e\u884c\u95dc\u6ce8\u7684\u662f\u91d1\u878d\u7a69\u5b9a\u800c\u975e\u623f\u50f9\uff5e\u9019\u662f\u908f\u8f2f\u932f\u4e82\u4e26\u628a\u8cac\u4efb\u4e1f\u5230\u5176\u4ed6\u90e8\u6703\u3002<\/li>\n\n\n\n<li>\u7406\u4e8b\u6703\u62db\u958b\u524d\u4e00\u5468\uff0c\u7e3d\u88c1\u53ec\u96c6\u5927\u5bb6\u958b\u6703\uff5e\u4fee\u65b0\u805e\u7a3f\uff0c\u53cd\u8986\u9010\u53e5\u5ff5\u3001\u4fee\u6a19\u9ede\u7b26\u865f\u3001\u6539\u5f62\u5bb9\u8a5e\uff0c\u95dc\u65bc\u653f\u7b56\u5229\u7387\u8981\u8abf\u6574\u7684\u90a3\u53e5\uff0c\u5c31\u662f\u4e00\u500b\u5f85\u586b\u7684\u7a7a\u683c\uff0c\u904e\u5e7e\u5929\u53c8\u518d\u4f86\u4e00\u6b21\uff0c\u76f4\u5230\u7406\u4e8b\u6703\u7576\u5929(\u661f\u671f\u56db)\uff0c\u7e3d\u88c1\u5f9e\u884c\u653f\u9662\u6703\u56de\u4f86\u4e4b\u5f8c\uff0c\u5728\u628a\u5927\u5bb6\u627e\u53bb\u5ff5\u65b0\u805e\u7a3f\uff0c\u7576\u5538\u5230\u6c7a\u5b9a\u653f\u7b56\u5229\u7387\u90a3\u500b\u5730\u65b9\u7684\u6642\u5019\uff0c\u5c31\u628a\u7b54\u6848\u586b\u5728\u7a7a\u683c\u4e0a\uff5e\u5927\u5bb6\u90fd\u7fd2\u4ee5\u70ba\u5e38\u3002(\u76f4\u5230\u63d0\u51fa\u7406\u4e8b\u6703\u5167\u90e8\u7684\u8ca8\u5e63\u653f\u7b56\u8a0e\u8ad6\u61c9\u5236\u5ea6\u5316\u7684\u5efa\u8b70\uff0c\u624d\u8d77\u6b65\u9032\u884c\u6539\u8b8a\u3002)<\/li>\n\n\n\n<li>\u4e2d\u592e\u9280\u884c\u6cd51970\u5e74\u4ee3\u5236\u5b9a\uff5e\u5148\u8003\u616e\u91d1\u878d\u7a69\u5b9a\u3001\u9280\u884c\u5065\u5168\u3001\u4ee5\u53ca\u5c0d\u5167\u5916\u7684\u5e63\u503c\u7a69\u5b9a\uff0c\u884c\u6709\u9918\u529b\u624d\u5354\u52a9\u7d93\u6fdf\u767c\u5c55\u3002\u4f46\u597d\u50cf\u4e00\u76f4\u90fd\u662f<strong>\u4ee5\u7d93\u6fdf\u6210\u9577\u7576\u4f5c\u8ca8\u5e63\u653f\u7b56\u7684\u512a\u5148\u8003\u91cf<\/strong>\u3002<\/li>\n\n\n\n<li>\u592e\u884c20\u591a\u5e74\u4f86\uff0c\u8ca8\u5e63\u653f\u7b56\u53ea\u6709\u5bec\u9b06\u4ee5\u53ca\u66f4\u52a0\u5bec\u9b06\uff0c\u7d55\u4e0d\u60f3\u88ab\u8a8d\u70ba\u5be6\u65bd\u8ca8\u5e63\u7dca\u7e2e\u653f\u7b56\uff0c\u800cM2\u8207\u7269\u50f9\u95dc\u4fc2\u5df2\u5927\u5e45\u5f31\u5316\uff0c\u55aa\u5931\u4f5c\u70ba\u4e2d\u9593\u76ee\u6a19\u503c\uff0c\u5f9e2020\u8d77\u5c31\u628aM2\u964d\u683c\u70ba\u53c3\u8003\u76ee\u6a19(\u65e9\u61c9\u5982\u6b64)\uff0c\u4f46\u518d\u4e5f\u6c92\u6709\u5b9a\u9328\u76ee\u6a19\uff5e\u4ee5\u5f48\u6027\uff1f\u70ba\u76ee\u6a19<\/li>\n\n\n\n<li>\u53f0\u706320\u591a\u5e74\u4f86\u7684\u8ca8\u5e63\u653f\u7b56\uff0c\u53ea\u6709\u5bec\u9b06\u4ee5\u53ca\u66f4\u52a0\u5bec\u9b06\uff0c\u592e\u884c\u6015\u88ab\u8b80\u89e3\u6210\u5be6\u65bd\u8ca8\u5e63\u7dca\u7e2e\u3002\u5f9e2020~2023\u670937\u500b\u6708M2\u6210\u9577\u7387\u8d85\u904e6.5%\u7684\u5340\u9593\u4e0a\u9650<\/li>\n\n\n\n<li>\u806f\u6e96\u67031974\u4f2f\u6069\u65af\u4e3b\u5e2d\u9762\u5c0d\u9ad8\u901a\u81a8\uff0c\u6975\u529b\u4e3b\u5f35\u5be6\u65bd\u5168\u9762\u7684\u85aa\u8cc7\u8207\u7269\u50f9\u63a7\u5236\uff0c\u800c\u975e\u7dca\u7e2e\u8ca8\u5e63\u653f\u7b56\u4f86\u6291\u5236\u901a\u81a8\uff0c\u7d50\u679c\u6f14\u8b8a\u6210\u505c\u6eef\u6027\u901a\u81a8\uff0c\u901a\u81a8\u8207\u85aa\u8cc7\u5448\u87ba\u65cb\u5f0f\u4e0a\u5347\u3002<strong>\u7528\u50f9\u683c\u7ba1\u5236\u6291\u5236\u901a\u81a8\uff0c\u5c0d\u65bc\u8cc7\u6e90\u914d\u7f6e\u6548\u7387\u7684\u626d\u66f2\u751a\u9245\uff0c\u6703\u5e36\u4f86\u9f90\u5927\u7684\u793e\u6703\u6210\u672c\uff0c\u4e00\u65e6\u6cb9\u6c23\u96fb\u50f9\u7ba1\u5236\u9b06\u7d81\uff0c\u901a\u81a8\u9810\u671f\u554f\u984c\u5c07\u5ef6\u7e8c\u66f4\u9577<\/strong>\u3002(\u8c6a\u5b85\u7dda\u4e5f\u662f\u5427)<\/li>\n\n\n\n<li>\u5f9e\u9694\u591c\u62c6\u6b3e\u5229\u7387\u4f86\u770b\uff0c\u5f9e2021\u5e742\u6708\u958b\u59cb\uff0c\u53f0\u7063\u5c31\u4e00\u76f4\u8655\u65bc\u8ca0\u7684\u5be6\u8cea\u5229\u7387(\u540d\u76ee\u5229\u7387\u201d\u6e1b\u201d\u901a\u8ca8\u81a8\u8139\u7387)\uff0c\u4e8b\u5be6\u4e0a<strong>\u81ea2004\/6~2024\u5e74\uff0c236\u500b\u6708\u6709176\u500b\u6708\u662f\u5be6\u8cea\u8ca0\u5229\u7387<\/strong>\u8fd175%\uff0c\u70ba\u901a\u81a8\u548c\u8cc7\u7522\u50f9\u683c\u4e0a\u6f32\u63d0\u4f9b\u6eab\u5e8a\u3002\u9577\u671f\u4f4e\u5229\u7387\u4e5f\u6703\u4f7f\u91d1\u878d\u6a5f\u69cb\u9858\u610f\u627f\u64d4\u66f4\u9ad8\u98a8\u96aa(\u98a8\u96aa\u627f\u64d4\u7ba1\u9053risk-taking channel\u7684\u50b3\u905e\u6a5f\u5236)\uff0c\u63d0\u9ad8\u8cc7\u7522\u50f9\u683c\u548c\u64d4\u4fdd\u54c1\u50f9\u503c\uff0c\u63d0\u9ad8\u91d1\u878d\u6a5f\u69cb\u7684\u6536\u76ca\u548c\u5229\u6f64\uff0c\u5f9e\u800c\u6539\u8b8a\u5c0d\u9055\u7d04\u7387\u3001\u9055\u7d04\u640d\u5931\u548c\u6ce2\u52d5\u6027\u7684\u4f30\u8a08\uff0c\u4f7f\u98a8\u96aa\u8a8d\u77e5\u5c07\u4f4e\u4ee5\u53ca\u98a8\u96aa\u5bb9\u5fcd\u5ea6\u63d0\u9ad8\u3002\u540c\u6642\uff0c\u6301\u7e8c\u4f4e\u5229\uff0c\u4f4e\u98a8\u96aa\u653e\u6b3e\u8207\u653f\u5e9c\u50b5\u5238\u7b49\u5b89\u5168\u6027\u8cc7\u7522\u6536\u76ca\u4f4e\uff0c\u65bc\u662f\u5c0e\u81f4\u91d1\u878d\u6a5f\u69cb\u7522\u751f\u9010\u5229(search for yield)\u52d5\u6a5f\uff0c\u7af6\u76f8\u8ffd\u9010\u9ad8\u98a8\u96aa\u9ad8\u5831\u916c\u7684\u6295\u8cc7\u6a19\u7684\uff0c\u52a0\u5287\u8106\u5f31\u6027\u4e26\u63d0\u5347\u7cfb\u7d71\u98a8\u96aa\u3002\u2026.\u592e\u884c\u932f\u5931\u8ca8\u5e63\u6b63\u5e38\u5316\u6642\u6a5f\uff0c\u4f7f\u53f0\u7063\u9677\u5728\u4f4e\u5229\u7387\u548c\u5be6\u8cea\u8ca0\u5229\u7387\u7684\u56f0\u5883\u3002\u4e00\u65e6<strong>\u8cc7\u7522\u5e02\u5834\u904e\u71b1\u9020\u6210\u91d1\u878d\u4e0d\u7a69\u5b9a\u6216\u662f\u91d1\u878d\u5371\u6a5f\uff0c\u592e\u884c\u5c31\u5fc5\u9808\u4ee5\u5bec\u9b06\u8ca8\u5e63\u653f\u7b56\u4f86\u56e0\u61c9\u91d1\u878d\u5371\u6a5f\uff0c\u9019\u5c07\u4f7f\u5229\u7387\u66f4\u4f4e\u3002<\/strong><\/li>\n\n\n\n<li>\u4ee5\u53f0\u7063\u6700\u5927\u79df\u5c4b\u5e73\u53f0\u91cd\u65b0\u8a08\u7b97CPI\u623f\u79df\u985e\u6307\u6578\u8207CPI\u6307\u6578\uff0c\u57282008~2021\u5e74\u9593<strong>\u53f0\u7063CPI\u623f\u79df\u985e\u5e73\u5747\u5e74\u589e\u7387\u4ecb\u65bc3.56~3.58%\u4e4b\u9593(\u4e3b\u8a08\u8655\u516c\u5e030.64%)<\/strong><\/li>\n\n\n\n<li>\u53f0\u7063\u592e\u884c\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u5f9e2000\u5e74\u958b\u59cb\u5927\u5e45\u81a8\u8139\uff0c\u4e3b\u8981\u662f\u592e\u884c\u6301\u7e8c\u8cfc\u8cb7\u5916\u532f\u8cc7\u7522\uff0c\u8207\u7f8e\u65e5\u8cfc\u8cb7\u672c\u570b\u50b5\u5238\u8207\u5176\u4ed6\u6709\u50f9\u8b49\u5238\u4e0d\u540c\uff0c\u7576\u7d2f\u7a4d\u9f90\u5927\u5916\u532f\u8cc7\u7522\u5f8c\uff0c\u767c\u73fe\u5916\u532f\u8cc7\u7522\u8cc7\u5354\u6210\u70ba\u653f\u5e9c\u9810\u7b97\u501a\u91cd\u4f86\u6e90\uff0c\u7a4d\u6975\u9032\u884c\u5916\u532f\u64cd\u4f5c\uff0c\u6301\u7e8c\u7d2f\u7a4d\u5916\u532f\u8cc7\u7522\u4e26\u64f4\u5927\u570b\u5167\u5916\u5229\u5dee\uff0c\u4f7f\u592e\u884c\u8cc7\u7522\u8ca0\u50b5\u8868\u8655\u65bc\u9ad8\u5ea6\u64f4\u5f35\u7684\u72c0\u614b\uff0c\u9020\u5c31\u53f0\u7063\u4f4e\u532f\u7387\u4f4e\u5229\u7387\u7684\u74b0\u5883\uff0c\u4ee5\u53ca\u9280\u884c\u5e95\u7d30\u8cc7\u91d1\u6c3e\u6feb\u3002<\/li>\n\n\n\n<li>\u5047\u8a2d\u592e\u884c\u7e73\u5eab10\u5104\u7f8e\u5143\uff0c\u90a3\u8981\u5c0710\u5104\u7f8e\u5143\u7684\u5916\u532f\u8ce3\u6389\uff0c\u8b8a\u6210\u65b0\u53f0\u5e63\uff0c\u7136\u5f8c\u624d\u7e73\u5230\u570b\u5eab\uff0c\u5982\u6b64\u5916\u532f\u5b58\u5e95\u5c31\u4e0d\u6703\u56e0\u5b73\u606f\u7d2f\u7a4d\u90a3\u9ebc\u591a\u3002\u592e\u884c\u537b\u4f7f\u7528\u6700\u539f\u59cb\u7684\u8d85\u80fd\u529b~\u5370\u9214\uff0c\u5c07\u8cc7\u7522\u8ca0\u50b5\u8868\u7684\u201d\u6de8\u503c\u201d\u9805\u4e0b\u7684\u7d2f\u8a08\u76c8\u9918\u6e1b\u8a08\uff0c\u7136\u5f8c\u52a0\u8a08\u5230\u8ca0\u50b5\u9805\u76ee\u4e2d\u7684\u201d\u653f\u5e9c\u5b58\u6b3e\u201d\uff0c\u76f4\u63a5\u5c07\u6de8\u503c\u79fb\u8f49\u5230\u570b\u5eab\u5b58\u6b3e\uff0c\u8cc7\u7522\u984d\u4e0d\u8b8a\u5c31\u5b8c\u6210\u76c8\u9918\u7e73\u5eab\uff0c\u5b8c\u5168\u4e0d\u6d89\u53ca\u5230\u5916\u532f\u5e02\u5834\u7684\u5916\u532f\u8cc7\u7522\u8cb7\u8ce3\uff0c<strong>\u65b0\u7684\u8ca8\u5e63\u6191\u7a7a\u88ab\u5275\u9020\u51fa\u4f86\u3002\u8ca8\u5e63\u878d\u901a\uff5e\u767c\u884c\u8ca8\u5e63\u4f86\u652f\u61c9\u653f\u5e9c\u7684\u8ca1\u653f\u8d64\u5b57<\/strong>(\u592e\u884c\u8cfc\u8cb7\u653f\u5e9c\u50b5\u5238\u4f86\u652f\u61c9\u653f\u5e9c\u8d64\u5b57)\uff0c\u795e\u64cd\u4f5c\u3002\u5370\u9214\u4f86\u652f\u61c9\u8ca1\u653f\u652f\u51fa\uff0c\u57fa\u672c\u4e0a\u662f\u4e00\u7a2e\u9444\u5e63\u7a05\u7684\u6982\u5ff5\uff0c\u8ca1\u653f\u90e8\u8ab2\u7a05\u88ab\u773e\u4eba\u7f75\uff0c\u592e\u884c\u63d0\u9ad8\u76c8\u9918\u7e73\u5eab(\u8ab2\u7a05)\u537b\u88ab\u7a31\u8b9a\uff0c\u88ab\u4eba\u62d6\u53bb\u8ce3\u9084\u5e6b\u5fd9\u6578\u9214\u7968\u2026\u2026.\u901a\u81a8(\u662fMMT\u55ce??)\u3002<\/li>\n\n\n\n<li>\u592e\u884c\u767c\u884c\u65b0\u53f0\u5e63\uff0c\u5c31\u662f\u592e\u884c\u5c0d\u4eba\u6c11\u7684\u50b5\u52d9\u3002\u532f\u7387\u653f\u7b56\u8207\u8ca8\u5e63\u653f\u7b56\u5b8c\u5168\u5206\u96e2\uff0c\u7d93\u7814\u8655\u4e0d\u88ab\u5141\u8a31\u53d6\u5f97\u5916\u532f\u5c40\u7684\u8cc7\u6599\u4ee5\u4f9b\u5206\u6790\u7814\u7a76\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u592e\u884c\u5c0d\u65bc\u592e\u884c\u7406\u76e3\u4e8b\u6703\u5f8c\u8a18\u8005\u6703\u53c3\u8003\u8cc7\u6599\u7522\u51fa\u5f88\u91cd\u8996\uff1f\u53c3\u8003\u8cc7\u6599\u5927\u591a\u662f\u7ffb\u8b6f\u3001\u6458\u9304\u3001\u6574\u7406\u5404\u592e\u884c\u5927\u5b78\u4ee5\u53ca\u570b\u969b\u6a5f\u69cb\u7684\u7814\u7a76\u5831\u544a\uff0c\u9577\u671f\u4e0b\u4f86\u8017\u76e1\u7814\u7a76\u71b1\u6795\uff0c\u61c9\u8b93\u7814\u7a76\u4eba\u54e1\u5c08\u6ce8\u5728\u771f\u6b63\u7e3d\u9ad4\u8207\u8ca8\u5e63\u7d93\u6fdf\u7684\u7814\u7a76\uff0c\u76f8\u5c0d\u65bc\u5404\u570b\u592e\u884c\uff0c\u53f0\u7063\u662f\u4fdd\u5b88\u5c01\u9589\u3002\u592e\u884c\u5c0d\u5167\u90e8\u4eba\u54e1\u53d7\u9080\u6f14\u8b1b\uff0c\u8b1b\u7a3f\u654f\u611f\u5167\u5bb9\u6703\u522a\u9664\u3002\u6703\u8b70\u8a18\u9304\u6458\u8981\uff0c\u7406\u4e8b\u7684\u91cd\u8981\u767c\u8a00\u5167\u5bb9\u6703\u88ab\u201d\u6cb3\u87f9\u201d\u6389\uff0c\u751a\u81f3\u88ab\u522a\u9664\uff0c\u6709\u4e9b\u5217\u5165\u6703\u8b70\u7684\u6b63\u5f0f\u63d0\u6848\uff0c\u9023\u8a0e\u8ad6\u90fd\u6c92\u6709\uff0c\u4e5f\u7121\u6c7a\u8b70\u66f4\u5728\u6703\u8b70\u8a18\u9304\u4e0d\u898b\u8e64\u5f71\u3002<\/li>\n<\/ol>\n\n\n\n<p class=\"has-larger-font-size\"><strong>\u65ed\u6607\u6559\u6388&amp;\u8070\u654f\u6559\u6388<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u53f0\u7063\u628aM2\u5e74\u6210\u9577\u76ee\u6a19\u5340\u9593\u8abf\u6574\u70baM2\u6210\u9577\u7387\u53c3\u8003\u5340\u9593\u5f8c\uff0c\u56e0\u7f3a\u4e4f\u914d\u5957\u6c92\u6709\u660e\u78ba\u5b9a\u9328\u7576\u4f5c\u592e\u884c\u57f7\u884c\u8ca8\u5e63\u653f\u7b56\u7684\u884c\u70ba\u6cd5\u5247\uff0c\u4f7f\u5f48\u6027\u8ca8\u5e63\u653f\u7b56\u8b8a\u6210\u524d\u5f8c\u77db\u76fe\u7684\u73fe\u8c61<\/li>\n\n\n\n<li>\u8981\u7528\u7d93\u6fdf\u5b78\u7684sense\u53bb\u554f\u7d93\u6fdf\u5b78\u7684\u554f\u984c\u3002<\/li>\n\n\n\n<li>\u5433\u6559\u6388\u5728\u5927\u5b78\u6c42\u5b781974\u6642\u8b80\u96fb\u6a5f\u7cfb\uff0c\u7576\u6642\u5c0d\u5831\u7d19\u63d0\u5230\u77f3\u6cb9\u5371\u6a5f~\u901a\u8ca8\u81a8\u8139\uff0c\u4e0d\u77e5\u9053\u5728\u8b1b\u4ec0\u9ebc\uff0c\u4f46\u662f\u77e5\u9053\u5f88\u56b4\u91cd\u3002\u6700\u8fd1\u6539\u7248\u201d\u7d93\u6fdf\u5b78\u539f\u7406\u201d4\u7248~\u7d93\u6fdf\u7684\u601d\u8003\u6a21\u5f0f\uff0c\u8981\u4e0a\u8ab2\u524d\u5148\u8b80\u4e00\u6b21\uff0c\u4e0a\u8ab2\u8001\u5e2b\u5c31\u76f4\u63a5\u53bb\u5206\u6790\u6642\u4e8b\uff0c\u4e0d\u5fc5\u91cd\u8907\u8ab2\u672c\u5167\u5bb9(\u5085\u5229\u66fc\u6559\u6cd5)<\/li>\n\n\n\n<li>\u7269\u50f9\u901a\u81a8\u8ddf\u8ca8\u5e63\u4f9b\u7d66\u6210\u9577\u7387\u662f\u540c\u5411\u8b8a\u52d5\u3002<\/li>\n\n\n\n<li>\u829d\u52a0\u54e5\u5927\u5b78\u5716\u66f8\u9928\u6709\u8490\u96c6\u53f0\u7063\u9280\u884c\u6bcf\u5e74\u7684\u5e74\u5831\uff0c\u88e1\u9762\u6709\u8cc7\u7522\u8ca0\u50b5\u88681945~49\u53f0\u9280\u653e\u6b3e\u66b4\u589e\u6e90\u81ea\u65bc\u570b\u6c11\u653f\u5e9c\u5c0d\u53f0\u7063\u7684\u7d93\u6fdf\u7ba1\u5236<\/li>\n\n\n\n<li>\u5931\u5167\u539f\u5fe0\u96c4\u201d\u5e1d\u570b\u4e3b\u7fa9\u4e0b\u4e4b\u53f0\u7063\u201d(1929)\uff0c\u65e5\u672c\u7d71\u6cbb\u521d\u671f\u7e3d\u7763\u5e9c\u7684\u57fa\u790e\u5efa\u8a2d\u8edf\u786c\u9ad4\uff0c\u5efa\u7acb\u4e86\u5e02\u5834\u7d93\u6fdf\u5236\u5ea6\uff0c\u4fc3\u6210\u7d93\u6fdf\u6210\u9577\uff5e\u8cc7\u672c\u4e3b\u7fa9\u5316(\u5236\u5ea6\u8b8a\u9769)<\/li>\n\n\n\n<li>\u7f8e\u63f4\u53f0\u70631950\u66fe\u5efa\u8b70\u516c\u71df\u9280\u884c\u8981\u6c11\u71df\u5316\uff0c\u7f8e\u570b\u5b89\u5168\u5206\u7f72\u548c\u5408\u4f5c\u5206\u7f72\u6301\u7e8c\u5efa\u8b70\u65bd\u58d3\uff0c\u8981\u6c42\u592e\u884c\u628a\u65b0\u53f0\u5e63\u514c\u7f8e\u5143\u532f\u7387\u8abf\u6574\u5230\u53cd\u61c9\u5e02\u5834\u50f9\u4f4d\u6c34\u6e96\uff0c1961\u532f\u7387\u8abf\u6574\u81f340\u5143\uff0c\u4f46\u63a5\u4e0b\u4f86\u52301980\u4e2d\u671f\uff0c\u592e\u884c\u53c8\u9577\u671f\u7ba1\u63a7\u532f\u7387\uff0c\u4ecd\u6709\u6fc3\u539a\u7684\u7d93\u6fdf\u7ba1\u5236\u601d\u7dad\uff0c\u53c8\u812b\u96e2\u5e02\u5834\u50f9\u4f4d\u3002\u592e\u884c\u9032\u884c\u7ba1\u5236\u653f\u7b56\u8207\u6559\u80b2\u7ba1\u5236(\u5f71\u97ff\u6700\u5927\u76842\u9805)<\/li>\n\n\n\n<li>\u50f9\u683c\u7ba1\u5236\u8b93\u4eba\u6c11\u6709\u88ab\u7167\u9867\u7684\u611f\u89ba\uff0c\u6015\u9078\u7968\u6d41\u5931\u5c31\u66f4\u52aa\u529b\u53bb\u7ba1\u5236\u3002\u53f0\u7063\u6c11\u773e\u9047\u5230\u7269\u50f9\u4e0a\u6f32\uff0c\u7b2c\u4e00\u500b\u60f3\u6cd5\u662f\u5ee0\u5546\u54c4\u62ac\u3002<\/li>\n\n\n\n<li>\u6e05\u5e1d\u570b\u5b98\u54e1\u6c92\u6709\u7d93\u6fdf\u767c\u5c55\u601d\u7dad\uff0c\u800c1949\u570b\u6c11\u653f\u5e9c\u7684\u7d93\u6fdf\u601d\u7dad\u662f\u7ba1\u5236\uff0c\u7ba1\u5236\u624d\u80fd\u4fc3\u9032\u7d93\u6fdf\u6210\u9577\uff0c\u50cf1959\u7f8e\u63f4\u63d0\u51fa\u516b\u9ede\u8ca1\u7d93\u63aa\u65bd\uff0c\u5176\u4e2d\u8b70\u9ede\u5c31\u662f\u6cb9\u96fb\u50f9\u683c\u4e0d\u80fd\u7531\u653f\u5e9c\u6c7a\u5b9a\uff0c\u800c\u4eca2024\u6cb9\u96fb\u50f9\u683c\u662f\u7d93\u6fdf\u90e8\u6c7a\u5b9a~\u51cd\u6f32\u5c31\u662f\u7ba1\u5236\u30022023\u7ba1\u5236\u9020\u6210\u86cb\u8352\uff0c\u537b\u6b78\u548e\u5230\u86cb\u87f2\uff0c\u50f9\u683c\u7ba1\u5236\u884d\u751f\u7d93\u6fdf\u5b78\u4e2d\u7684\u7af6\u79df\u554f\u984c\uff5e\u8981\u82b1\u6642\u9593\u6216\u9760\u95dc\u4fc2\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u5b78\u8cbb\u7ba1\u5236\u5728\u88dc\u8cbc\u6709\u9322\u4eba\uff0c\u56e0\u70ba\u53f0\u6e05\u4ea4\u6210\u7684\u5b78\u751f\u591a\u6578\u4f86\u81ea\u6240\u5f97\u8f03\u9ad8\u5bb6\u5ead\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u592e\u884c\u5ba3\u7a31\uff1a\u7dad\u6301\u65b0\u53f0\u5e63\u532f\u7387\u7684\u52d5\u614b\u7a69\u5b9a\uff0c\u6a19\u699c\u5c0d\u7f8e\u5143\u532f\u7387\u6ce2\u52d5\u5c0f\u65bc\u6b50\u97d3\u65e5\u661f\u5e63\u3002\u554f\u53ca\u592e\u884c\u5176\u56de\u7b54\u662f\uff1a\u532f\u7387\u7a69\u5b9a\u6709\u52a9\u65bc\u5ee0\u5546\u5831\u50f9\u3002<\/li>\n\n\n\n<li>\u592e\u884c\u552f\u4e00\u7684\u7814\u7a76\u662f\uff0c\u65b0\u53f0\u5e63\u532f\u7387\u5177\u6709\u53cd\u901a\u81a8\u53ca\u53cd\u666f\u6c23\u5faa\u74b0\u7279\u6027\uff0c\u4f46\u4e26\u6c92\u6709\u89e3\u91cb\u70ba\u4f55\u532f\u7387\u7a69\u5b9a\u672c\u8eab\u6709\u52a9\u65bc\u53f0\u7063\u7d93\u6fdf\u6210\u9577\u3002<\/li>\n\n\n\n<li>\u5ee0\u5546\u5831\u50f9\u7684\u98a8\u96aa\uff0c\u53ef\u4ee5\u7531\u5e02\u5834\u89e3\u6c7a\uff0c\u5c07\u4f4e\u532f\u7387\u610f\u5916\u964d\u4f4e\u7684\u640d\u5931\uff0c\u5c31\u50cf\u6c7d\u8eca\u4fdd\u96aa\u4e00\u6a23\uff0c\u65e9\u671f\u5404\u570b\u592e\u884c\u5e72\u9810\u532f\u7387\uff0c\u53ef\u8996\u70ba\u63d0\u4f9b\u532f\u7387\u4fdd\u96aa\u7684\u670d\u52d9\uff0c\u5f8c\u4f86\u767c\u73fe\u6210\u672c\u5927\u65bc\u6548\u76ca\uff0c\u56e0\u6b64\u9ad8\u6240\u5f97\u570b\u5bb6\u5df2\u653e\u68c4\u5e72\u9810(\u53f0\u7063\u4ecd\u662f\u88ab\u7f8e\u570b\u8996\u70ba\u532f\u7387\u64cd\u7e31\u570b)\uff0c\u53f0\u7063\u5e72\u9810\u7684\u52d5\u6a5f\u662f\u963b\u5347\u65b0\u53f0\u5e63\u3002<\/li>\n\n\n\n<li>\u53f0\u70631980\u5f8c\u91d1\u878d\u90e8\u9580\u4e82\u8c61\uff5e\u5e02\u5834\u6e38\u8cc7\u6c3e\u6feb\u3001\u80a1\u50f9\u623f\u50f9\u98c6\u6f32(1988~92)\u5c0e\u81f4\u8cc7\u7522\u6ce1\u6cab\uff0c\u53ef\u9023\u7d50\u5230\u592e\u884c\u5e72\u9810\u5916\u532f\u5e02\u5834\u4ee5\u53ca\u5916\u532f\u5b58\u5e95\u7684\u7d2f\u7a4d\u3002<\/li>\n\n\n\n<li>\u6211\u7e73\u5eab\u6211\u72af\u7f6a\u55ce?\uff5e\u9019\u4e0d\u662f\u653f\u7b56\u8faf\u8ad6\u7684\u614b\u5ea6<\/li>\n\n\n\n<li>\u516c\u71df\u884c\u5eab\u80fd\u5b58\u6d3b\u548c\u516c\u71df\u4f01\u696d\u6c92\u6709\u6548\u7387\uff0c\u662f\u4e92\u76f8\u7274\u89f8\u7684\uff0c\u516c\u71df\u884c\u5eab\u80fd\u5b58\u6d3b\uff0c\u662f\u8ca1\u653f\u90e8\u548c\u4e2d\u592e\u9280\u884c\u7d66\u7684\u597d\u8655\uff0c\u50cf\u516c\u52d9\u4eba\u54e1\u7684\u9000\u4f11\u91d1\u7d66\u53f0\u9280\u6216\u90f5\u5c40\uff0c\u5c31\u53ef\u6536\u624b\u7e8c\u8cbb\uff0c\u8f49\u8cb8\u5c31\u6709\u5229\u5dee<\/li>\n\n\n\n<li>\u592e\u884c\u5e38\u8aaa\uff0c\u53f0\u7063\u662f\u5c0f\u578b\u958b\u653e\u7d93\u6fdf\u9ad4\uff0c\u4f462022<strong>\u53f0\u7063GDP\u6392\u540d\u5168\u7403\u7b2c21\uff0c\u7d55\u975e\u5c0f\u578b\u958b\u653e\u7d93\u6fdf\u9ad4<\/strong>\u3002<\/li>\n\n\n\n<li>\u51fa\u53e3\u64f4\u5f35\u5e36\u52d5\u53f0\u7063\u7d93\u6fdf\u6210\u9577\uff0c\u65e5\u6cbb\u6642\u671f\u53f0\u7063\u51fa\u53e3\u6bd4\u7387\u5f88\uff0c1950\u5e74\u4ee3\u5927\u5e45\u4e0b\u964d\uff0c1960\u8d77\u51fa\u53e3\u6bd4\u7387\u53c8\u4e0a\u5347\uff0c1960-70\u53f0\u7063\u7684\u6bd4\u8f03\u5229\u76ca\u662f\u751f\u7522\u52de\u529b\u5bc6\u96c6\u7684\u7522\u54c1\uff0c\u800c\u6210\u672c\u8207\u532f\u7387\u606f\u606f\u76f8\u95dc\uff0c\u7576\u66421958\u5e74\u532f\u7387\u6539\u9769\uff0c\u57281961\u5e74\u8abf\u6574\u70ba\u55ae\u4e0040\u5143\uff0c\u63a5\u8457\u5c31\u51fa\u73fe\u51fa\u53e3\u64f4\u5f35\u30021950\u5e74\u4ee3\u53f0\u7063\u7121\u767c\u51fa\u53e3\u7684\u6839\u672c\u539f\u56e0\u662f\uff0c\u532f\u7387\u7ba1\u5236\u9020\u6210\u65b0\u53f0\u5e63\u5e63\u503c\u9ad8\u4f30\u3002\u532f\u7387\u6539\u9769\u7684\u63a8\u529b\u662f\u7f8e\u63f4\uff0c\u7f8e\u570b\u65bd\u58d3\u5c31\u6539\u9769\u4e86\u3002\u592e\u884c\u516c\u5e03\u5916\u532f\u6578\u5b57\uff0c\u662f\u6e90\u81ea\u7f8e\u570b\u8ca1\u653f\u90e8301\u689d\u6b3e\u58d3\u529b\u3002<\/li>\n\n\n\n<li><strong>\u53f0\u7063\u4f4e\u5229\u7387\u5c0d\u5ee0\u5546\u6709\u5e6b\u52a9<\/strong>\uff0c\u81ea2001\u666f\u6c23\u8870\u9000\u81f3\u4eca\u5e7e\u4e4e\u6c92\u6709\u812b\u96e2\u6b64\u653f\u7b56\uff0c\u6240\u5f97\u4f4e\u7684\u4eba\u6bd4\u8f03\u4e0d\u66c9\u5f97\u5982\u4f55\u9762\u5c0d\uff0c\u4f46\u6240\u5f97\u9ad8\u7684\u4eba\u6709\u8ca1\u5bcc\u7ba1\u7406\u5354\u52a9\uff0c\u53d7\u8ca0\u9762\u5f71\u97ff\u5c31\u5c0f\u3002\u65e5\u672c<strong>\u9577\u671f\u4f4e\u5229\uff0c\u5c0d\u5e74\u8f15\u3001\u8f03\u7aae\uff0c\u5728\u8ca1\u52d9\u4e0a\u53d7\u9650\u5236\u7684\u4eba\u6703\u6709\u8f03\u5927\u8ca0\u9762\u5f71\u97ff\uff0c\u7ba1\u5236\u653f\u7b56\u7684\u53d7\u5bb3\u8005\uff0c\u901a\u5e38\u662f\u5f31\u52e2\u65cf\u7fa4<\/strong>\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u9ad8\u623f\u50f9\u662f\u9577\u671f\u4f4e\u5229\u7684\u7d50\u679c\uff0c\u201d\u53f0\u7063\u7d93\u6fdf\u56db\u767e\u5e74\u201d\u8a8d\u70ba\u5f6d\u7e3d\u88c1\u5728\u5c08\u696d\u3001\u6b63\u76f4\u8207\u8ca0\u8cac\u4e09\u65b9\u9762\u90fd\u4e0d\u53ca\u683c\uff0c2000-18\u5916\u532f\u6210\u95774.3\u500d\u5e74\u589e\u73878.5%\u537b\u5c0d\u5916\u5ba3\u7a31\u70ba\u5e72\u9810\u532f\u5e02\u662f\u4e0d\u8aa0\u5be6\uff0c\u592e\u884c\u61c9\u91d1\u878d\u7a69\u5b9a\u4f46\u5c0d\u623f\u50f9\u554f\u984c\u865b\u8207\u59d4\u86c7\uff0c\u5c0d\u963b\u5347\u8207\u4f4e\u5229\u7387\u5e36\u4f86\u7684\u8ca0\u9762\u5f71\u97ff\u7f6e\u82e5\u7f54\u805e\uff0c\u662f\u4e0d\u8ca0\u8cac\u4efb\u3002<\/li>\n\n\n\n<li>\u69a8\u53d6\u5f0f\u5236\u5ea6Acemoglu\u63d0\u51fa\u5728\u6b7b\u4ea1\u7387\u8f03\u9ad8\u7684\u5730\u65b9\uff0c\u6b96\u6c11\u6bcd\u570b\u6bd4\u8f03\u6703\u5efa\u7acb\u69a8\u53d6\u5f0f\u5236\u5ea6\uff0c\u4e0d\u5229\u65bc\u7d93\u6fdf\u6210\u9577\uff0c\u76f8\u53cd\u7684\uff0c\u6b7b\u4ea1\u7387\u8f03\u4f4e\u7684\u5730\u65b9\uff0c\u6703\u5efa\u7acb\u5ee3\u7d0d\u5f0f\u5236\u5ea6\uff0c\u9069\u5408\u6b96\u6c11\u8005\u9577\u671f\u5b9a\u5c45\uff0c\u4e5f\u5229\u65bc\u9577\u671f\u7d93\u6fdf\u6210\u9577\u30021895\u53f0\u7063\u8b8a\u6210\u65e5\u6cbb\u6642\u6b7b\u4ea1\u7387\u9ad8\uff0c\u4f46\u65e5\u672c\u4eba\u537b\u5728\u53f0\u5efa\u7acb\u5ee3\u7d0d\u5f0f\u5236\u5ea6\uff0c1945\u570b\u6c11\u653f\u5e9c\u7576\u6642\u4ee5\u6b66\u529b\u70ba\u5f8c\u76fe\u628a\u53f0\u7063\u8f49\u8b8a\u6210\u69a8\u53d6\u5f0f\u5236\u5ea6\uff0c15\u5e74\u5f8c\u53d7\u7f8e\u570b\u58d3\u529b\u624d\u53c8\u8b8a\u6210\u5ee3\u7d0d\u5f0f<\/li>\n\n\n\n<li>\u53f0\u7063\u7d93\u6fdf\u5b78\u8005\u7814\u7a76\u53f0\u7063\u672c\u8eab\u8b70\u984c\uff0c\u76f8\u5c0d\u800c\u8a00\u4e26\u4e0d\u591a\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"has-larger-font-size\"><strong>\u65ed\u6607\u6559\u6388&amp;\u6021\u5ead\u6559\u6388<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7d93\u6fdf\u5b78\u5efa\u69cb\u6a21\u578b\u53bb\u63a8\u8ad6\uff0c\u6703\u767c\u5c55\u51fa\u597d\u5e7e\u4ee3<\/li>\n\n\n\n<li>\u652f\u7968\u548c\u91d1\u878d\u5361\u662f\u5be6\u540d\u652f\u4ed8\uff0c\u9280\u884c\u6709\u6280\u8853\u8655\u7406\u6210\u672c\uff0c\u8ca8\u5e63\u5b8c\u5168\u548c\u5be6\u540d\u5236\u7121\u95dc\uff0c\u4ea4\u6613\u91d1\u984d\u4f4e\u65bc\u67d0\u500b\u9580\u6abb\u503c\u5c31\u6703\u7528\u73fe\u91d1\uff0c\u96a8\u8457\u91d1\u878d\u79d1\u6280\u767c\u5c55\uff0c\u7d00\u9304\u6280\u8853\u4e0d\u65b7\u964d\u4f4e\uff0c\u9580\u6abb\u503c\u4e5f\u6703\u964d\u4f4e\uff0c\u6240\u4ee5\u6709\u8d8a\u4f86\u8d8a\u591a\u975e\u73fe\u91d1\u652f\u4ed8\u65b9\u5f0f\uff0c\u800c\u592e\u884c\u63d0\u9ad8\u653f\u7b56\u5229\u7387\u548c\u6cd5\u5b9a\u5b58\u6b3e\u6e96\u5099\u7387\uff0c\u9280\u884c\u4e5f\u6703\u8abf\u9ad8\u5229\u7387\u8b93\u9580\u6abb\u503c\u7522\u751f\u8b8a\u5316\uff0c\u4ea4\u6613\u5de5\u5177\u7684\u9078\u64c7\u6539\u8b8a\u8868\u793a\u6574\u500b\u793e\u6703\u7e3d\u9ad4\u6d41\u52d5\u6539\u8b8a\uff0c \u5c31\u6703\u5f71\u97ff\u592e\u884c\u8ca8\u5e63\u653f\u7b56\u7684\u6548\u679c\uff0c\u6700\u5f8c\u5747\u8861\u8ca8\u5e63\u50f9\u503c\u548c\u5b58\u6b3e\u5229\u7387\u3002<\/li>\n\n\n\n<li>\u73fe\u91d1\u6709\u88ab\u5077\u7684\u98a8\u96aa\uff0c\u6240\u4ee5\u7528\u8f49\u5e33\u5361\uff0c\u5546\u5bb6\u9858\u610f\u4f7f\u7528\u8b80\u5361\u6a5f\uff0c\u6d88\u8cbb\u8005\u4e5f\u5f88\u9858\u610f\u4f7f\u7528\u8f49\u5e33\u5361\uff0c\u5b58\u6b3e\u6d41\u52d5\u6027\u5c31\u6703\u6709\u6bd4\u8f03\u9ad8\u7684\u5747\u8861\uff0c\u76f8\u53cd\u7684\u7e3d\u9ad4\u6d41\u52d5\u6027\u4f4e\uff0c\u6703\u9020\u6210\u6bd4\u8f03\u4f4e\u7684\u4ea4\u6613\u751f\u7522\u548c\u6d88\u8cbb<\/li>\n\n\n\n<li>\u7d93\u6fdf\u9ad4\u7684\u7e3d\u8cc7\u7522~\u623f\u5730\u7522.\u80a1\u7968.\u50b5\u5238\u7b49\uff0c\u9019\u4e9b\u53ef\u4ee5\u7576\u62b5\u62bc\u54c1\u7684\u8cc7\u7522\u7e3d\u91cf\u8cb8\u6b3e\u6210\u6578\u63d0\u9ad8\uff0c\u6574\u500b\u793e\u6703\u53ef\u4ee5\u501f\u5230\u7684\u8cc7\u91d1\u5c31\u589e\u52a0\u4e86\uff0c\u8868\u793a\u7e3d\u9ad4\u6d41\u52d5\u6027\u4e5f\u589e\u52a0\u3002<\/li>\n\n\n\n<li>\u8cc7\u7522\u7684\u8cb8\u6b3e\u6210\u6578\u548c\u8cc7\u7522\u50f9\u683c\u662f\u540c\u6642\u6c7a\u5b9a\u7684\uff0c<strong>\u7522\u51fa.\u6d88\u8cbb\u8cb8\u6b3e.\u8cc7\u7522\u50f9\u683c\uff0c\u9084\u6709\u8cb8\u6b3e\u6210\u6578\u90fd\u662f\u5747\u8861\u6c7a\u5b9a\u7684<\/strong>\uff0c\u5982\u679c\u5047\u8a2d\u8cb8\u6b3e\u6210\u6578\u662f\u201d\u5916\u751f\u201d\u7d66\u5b9a\uff0c\u5c31\u7121\u6cd5\u770b\u5230\u4ed6\u5982\u4f55\u56e0\u61c9\u8ca8\u5e63\u653f\u7b56\u6216\u6280\u8853\u9032\u6b65\u800c\u767c\u751f\u7684\u8b8a\u5316\u3002<\/li>\n\n\n\n<li>\u6b50\u6d32\u4e2d\u592e\u9280\u884cECB\u6aa2\u8996\u6b50\u5143\u5340\u4e00\u4e9b\u570b\u5bb6\u7684\u623f\u5c4b\u8cb8\u6b3e\u6210\u6578\uff0c\u7576\u50b5\u52d9\u4eba\u55aa\u5931\u62b5\u62bc\u54c1\u8d16\u56de\u6b0a\u4e4b\u5f8c\uff0c\u9280\u884c\u6c92\u6536\u62b5\u62bc\u54c1\u5230\u62cd\u8ce3\u62ff\u5831\u88dc\u511f\u91d1\u7684\u6642\u9593\u9700\u591a\u4e45\uff0c\u6210\u672c\u6709\u591a\u9ad8\uff0c\u7528\u6b64\u6355\u6349\u9280\u884c\u57f7\u884c\u50b5\u6b0a\u7684\u80fd\u529b\u3002\u7fa9\u5927\u5229\u970056\u500b\u6708\uff0c\u6240\u4ee5\u8cb8\u6b3e\u6210\u657865%\uff0c\u8377\u862d\u8cb8\u6b3e\u6210\u6578\u63a5\u8fd1\u767e\u5206\u767e\uff0c\u53ea\u9700\u89815\u500b\u6708\u53bb\u8655\u7406\uff0cforeclosure cost\u6b62\u8d16\u6210\u672c\u975e\u5e38\u5730\uff0c\u8655\u7406\u50b5\u6b0a\u7684\u6210\u672c\u662f\u50b5\u6b0a\u91d1\u984d\u76844%\u3002<\/li>\n\n\n\n<li>\u4e0d\u80fd\u96a8\u4fbf\u8b1b\u592e\u884c\u5982\u4f55\uff0c\u4e0d\u7136\u50b3\u771f\u6a5f\u6703\u88ab\u585e\u7206\u3002\u6c11\u773e\u770b\u5230\u7684\u592e\u884c\u516c\u5e03\u8b70\u4e8b\u6458\u8981\uff0c\u90fd\u88ab\u904e\u6ffe\u4e86\u3002\u592e\u884c\u900f\u904e\u5c0d\u516c\u80a1\u884c\u5eab\u7684\u5f71\u97ff\u529b\uff0c\u5f15\u5c0e\u5229\u7387\u4e0a\u8abf\u6216\u4e0b\u964d\uff0c\u800c\u975e\u91cd\u8cbc\u73fe\u7387\u6216\u64d4\u4fdd\u653e\u6b3e\u878d\u901a\u5229\u7387\u7684\u8abf\u6574(non-binding\u7121\u7d04\u675f\u529b)\u3002\u592e\u884c\u7d2f\u7a4d\u5916\u532f\u5b58\u5e95\u7684\u8cc7\u6599\u9577\u5e74\u4e0d\u516c\u5e03\uff0c\u6240\u4ee5\u7e3d\u9ad4\u7d93\u6fdf\u5b78\u7121\u6cd5\u5f9e\u4eca\u5929\u7684\u6c7a\u7b56\uff0c\u53bb\u5224\u65b7\u660e\u5929\u7684\u60c5\u5883\uff0c\u5b78\u8005\u5c31\u7121\u6cd5\u505a\u7814\u7a76\uff5e\u61c9\u589e\u52a0\u900f\u660e\u5ea6\u3002<\/li>\n\n\n\n<li>\u53f0\u7063\u8a8d\u70ba\u4e00\u822c\u4f4f\u5b85\u5e02\u5834\u623f\u50f9\u5c6c\u65bc\u8cc7\u7522\u50f9\u683c\uff0c\u4e0d\u7d0d\u5165\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578CPI\uff0c\u4f46\u6709\u7d0d\u5165\u5c45\u4f4f\u670d\u52d9\u6210\u672c-\u623f\u79df\uff0c\u5982\u679c\u662f\u79df\u623f\u5b50\u5c31\u7528\u5be6\u969b\u5e02\u5834\u4f4f\u5b85\u79df\u91d1\uff0c\u5982\u679c\u662f\u81ea\u7528\u4f4f\u5b85\u5c31\u7528\u8a2d\u7b97\u79df\u91d1(\u5047\u8a2d)\uff0c\u9019\u5c31\u662f\u4e3b\u8a08\u8655\u7528\u7684\u65b9\u6cd5\uff0c\u7528\u623f\u79df\u4f86\u7b97\u5c45\u4f4f\u670d\u52d9\u6210\u672c\u3002<\/li>\n\n\n\n<li>\u5c45\u4f4f\u670d\u52d9\u6210\u672c\u53e6\u4e00\u500b\u8a08\u7b97\u6cd5\u662f\u6de8\u53d6\u5f97\u6cd5\uff0dECB\u63a1\u7528\uff0c\u53ea\u8003\u616e\u6c11\u773e\u7372\u5f97\u65b0\u6210\u5c4b\u7576\u81ea\u7528\u4f4f\u5b85\u6642\u4ed8\u51fa\u7684\u50f9\u683c\uff0c\u4e0d\u8003\u616e\u4e2d\u53e4\u5c4b\uff0c\u7528\u4f86\u8a08\u7b97\u6bcf\u5e74\u8981\u4ed8\u51fa\u7684\u4f4f\u623f\u6210\u672c\u662f\u591a\u5c11\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u5c71\u5c71\u6c90\u6986\u611f\u60f3\u7b46\u8a18@0722<br>\u4f5c\u8005\uff1a\u5433\u8070\u654f\u3001\u9673\u65ed\u6607\u3001\u674e\u6021\u5ead\u3001\u9673\u5357\u5149<br>\u51fa\u7248\u793e\uff1a\u6625\u5c71\u51fa\u7248<br>\u51fa\u7248 2024\u5e7410\u67088\u65e5<br><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"715\" height=\"1024\" src=\"https:\/\/www.xn--9wzn71a.xn--kpry57d\/wp-content\/uploads\/2024\/12\/S__64045147-715x1024.jpg\" alt=\"\" class=\"wp-image-7864\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\uff62\u5fc3\u5f97\uff1a\u6709\u5f88\u591a\u6559\u6388\u5011\u6c42\u5b78\u548c\u51fa\u570b\u7684\u7d93\u9a57\uff0c\u88e1&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,16],"tags":[],"class_list":["post-7863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-37","category-16"],"_links":{"self":[{"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/posts\/7863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7863"}],"version-history":[{"count":13,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/posts\/7863\/revisions"}],"predecessor-version":[{"id":8898,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/posts\/7863\/revisions\/8898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=\/wp\/v2\/media\/7864"}],"wp:attachment":[{"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xn--9wzn71a.xn--kpry57d\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}