浅析我国货币政策的有效性

The Validity of China's Monetary Policy

2006年至今,央行共进行了多次上调基准利率及法定存款准备金率,这是我国历史上罕见的。但这是否有效?有效度又有多大?本文首先基于IS-LM模型分析货币政策有效性的条件,然后结合数据分析我国货币政策的有效性,并分析了当前我国货币政策的潜在影响,最后得出的结论是我国货币政策在一定程度上有效,但是传导渠道不畅导致时滞较长。

Applying the IS-LM model, this thesis analyses the conditions of the validity of monetary policy and its influence in our country. The conclusion is that the monetary policy of our country is valid to some extent, but the time lag is long because the transmission mechanism of monetary policy is not good.