The Virtual Economy And Real Economy Relationship Study

Fictitious economy develops with the senior stage of market economy. Fictitious economy and real economy are two patterns of macroeconomy, and affect each other. Fictitious economy promotes the growth of real economy and has passive effect on the stability of real economy as well, which needs us to do research and deal with the relationship between fictitious economy and real economy correctly.To give a new and correct explanation of the relationship between fictitious economy and real economy could be helpful to identify the effect of fictitious economy in macroeconomy, to keep fictitious economy and real economy develop coordinately and the stability of economy system, which is the realistic significance that we study the relationship between fictitious and real economy. Based on the fact of modern economy fictionization, to analyses the relationship between fictitious economy and real economy in the prospect of monetary income, could see the essence of market economy, in which people are in pursuit of profit and monetary income. Meanwhile, we could research the equilibrium pattern and economic growth in the frame of relationship between fictitious economy and real economy, which is theoretical value that we study the relationship between them.A model of relationship between fictitious economy and real economy in the prospect of monetary income is established, which starts up with two sectors, enterprise and household, joined by financial, governmental and oversea sector. The conclusion is that the running of fictitious economy results in expanse of monetary income. In the prospect of monetary income, the relationship between fictitious economy and real economy embodies in the effcet mechanism in the process of monetary income formation. When fictitious economy keeps reasonable development speed and scale with real economy, they will promote each other. And fictitious economy doesn't fit the development of real economy, which will lead to low efficiency of monetary allocation or bubble economy.The relationship between fictitious economy and real economy depende on the money allocation. In the dichotomy of fictitious economy and real economy, a monetary quantity formation is given, which includes fictitious economy and is used to explain the money allocation mechanism. A conclusion is the macro-equilibrium dependes upon the return on assets in two systems, based on which the fictitious economy running has two characters: independence and parasitism.In international circulation of debt economy in US, fictitious economy expanses excessively and real economy fades, which leads to sub-prime mortgage crisis and global financial crisis.By the econometric test, the independent character of fictitious economy is proved by granger causality test using the data by stages, and the impact of money supply on fictitious economy and real economy is estimated by response function. The result shows that the independence intensifies in free economy, and that the change in money supply impacts on both fictitious economy and real economy in short term while in long term this impact will disappear.Fictitious economy running determines the stability of macroeconomy. To deal with the relationship between fictitious economy and real economy correctly, is the key of macroeconomy policy. Firstly, we need to develop the real economy, perfect the structure optimization and upgrading of economy. Secondly, we improve the market mechanism of allocation of money and social resources. Thirdly, we control the money supply and function of money in allocation resources in order to maintain the coordinately development of fictitious economy and real economy.There are three innovations in this paper. First, a model of relationship between fictitious economy and real economy is established in the prospect of monetary income and conclude that the core of the relationship between fictitious economy and real economy is the formation process of monetary income and monetary profit. Second, a monetary formulation in macroeconomic equilibrium is given under the condition of fictitious economy, which explains the monetary allocation mechanism and macroeconomic equilibrium model, and proposes the independence character and parasitism. Third, the independence of fictitious economy intensifies in free economy for U.S., and the change in money supply impacts on both fictitious economy and real economy in short term while in long term this impact will disappear.