摘要
本文分两个阶段研究实际利率水平与经济增长之间的关系,发现1978年-1990年较高的实际存款利率水平降低了当期经济增长,反而推动滞后一期的经济增长;1991年-2005年,实际存款利率水平与经济增长呈正相关关系,实际贷款利率水平与经济增长呈负相关关系。
This paper studies the relationships between real interest rate level and economy growth from two phases. The findings show that the higher real deposit interest rate levels from 1978 to 1990 lowered economic growth in the same period and promoted economic growth in the follow-up period, and that from 1991 to 2005, the relationship between real deposit interest rate levels and economic growth takes on positive relevance while the relationship between real loan interest rate level and economic growth takes on negative relevance.
出处
《金融理论与实践》
北大核心
2007年第6期32-34,共3页
Financial Theory and Practice
关键词
实际利率水平
经济增长
金融深化
real interest rate level
economic growth
finance deepening
