摘要
货币政策传导机制素有货币渠道和信贷渠道之分。我国GDP受到货币供应量和贷款余额的共同影响,在两个标准差的货币政策变量冲击下,贷款余额对我国GDP的影响大于货币供应量,而随着时间的推移,货币渠道的影响在逐渐加大,信贷渠道的影响则相对减弱。
There are two main channels in monetary policy transmission mechanism: monetary channel and credit channel.Chinese GDP is influenced by both monetary supply and loan balance,and the effect of total loans on GDP is bigger than monetary supply under the impact of the two standard deviation of monetary policy variables.As time goes by,the effect of monetary channel is gradually increasing while the effect of credit channel is weakening.
出处
《南京审计学院学报》
2012年第5期16-22,共7页
journal of nanjing audit university
基金
教育部青年基金项目(09YJC790153)
关键词
货币政策传导机制
货币渠道
信贷渠道
货币政策中介目标
信贷规模控制
货币供应量
贷款余额
monetary policy transmission mechanism
monetary channel
credit channel
the intermediate targets of the monetary policy
control on the size of loans
monetary supply
loan balance
