摘要
对我国1998年第一季度至2007年第三季度的季度数据进行单位根检验、协整检验和格兰杰因果检验,实证检验结果表明虽然货币政策传导机制的货币渠道与信贷渠道都作用于经济,但与货币渠道相比较,我国货币政策传导机制的信贷渠道效果更加显著。
We test the data from the first quarter of 1998 to the third quarter of 2007 with unit root test, co-integration test and granger causality test. The empirical results show that the transmission mechanism of monetary policy influences the real economy through the monetary channel and the credit channel in China, but comparing with the monetary channel, the credit transmission mechanism of monetary policy plays an even more important role.
出处
《长春金融高等专科学校学报》
2008年第2期16-19,共4页
Journal of Changchun Finance College
基金
长春金融高等专科学校科研基金资助项目[2008LX06]
关键词
货币政策
传导机制
信贷渠道
monetary policy
transmission mechanism
credit channel
