针对当前全球经济面临的一系列重大格局和事件,美国麻省理工学院教授卡巴雷罗(Caballero)提出了“资产短缺”假说。对于广大投资者和各国的经济政策制定者而言,这一假说对理解当前全球经济运行有极大帮助。“资产短缺”假说与金融危机“资产短缺”假说从宏观总体视角而非微观个体视角展开资产供需均衡分析,其架构是:资产需求由经济体的价值储存需要与抵押需要构成,其中,价值储存需要取决于经济体的储蓄水平。资产供应由资产的基础价值与资产的泡沫价值两部分构成, In response to a series of major global economic situations and events, Caballero, a professor at the Massachusetts Institute of Technology, proposed the “asset shortage” hypothesis. For the vast majority of investors and national economic policymakers, this hypothesis is of great help in understanding the current global economic performance. “Asset Shortage ” Hypothesis and Financial Crisis “Asset Shortage ” Hypothesis to analyze balance of supply and demand of assets from macroscopic overall view rather than micro individual perspective. Its structure is: asset demand consists of the value storage needs of the economy and mortgage needs, Among them, the value of storage depends on the level of savings in the economy. Assets supply consists of two parts: the basic value of assets and the value of assets,