摘要
选取2002年1月—2007年12月的月度数据,通过建立滞后模型分析利率和货币供应量对上证综指的滞后影响。研究结果表明,两变量的变化对上证综指的影响在大约半年后表现得最为明显,而且利率的调控效果明显要强于货币供应量。
Selecting monthly data from January, 2002 to December, 2007, this article analyzed the lagging effect of interest rate and money supply on the Shanghai Composite Index by constructing the lagging model. The findings indicated that, the variation of the two variables had the most obvious influence on the Shanghai Composite Index about half year later; and the regulation effect of the interest rate was more evident than that of the money supply.
出处
《广西财经学院学报》
2009年第5期82-86,共5页
Journal of Guangxi University of Finance and Economics
关键词
货币政策
货币供应量
利率
股价指数
滞后效应
monetary policy
money supply
interest rate
stock price index
lagging effect
