摘要
货币政策变动经常导致的经济资源在行业之间分配的不平衡,即货币政策行业效应。采用脉冲响应函数对中国货币政策在行业层面的分配效应进行实证分析,结果表明我国存在货币政策行业效应。因此,中央银行在充分认清货币政策行业效应客观性与普遍性的基础上,应注意货币政策与其他经济政策之间的协调。
Variation of monetary policy often results in imbalanced distribution of economic resources among indus- tries, which is called industry effect of monetary policy. An empirical analysis is made on the distribution effect among industries of Chinese monetary policy by using impulse response function, discovering that there is industry effect of monetary policy in China. Therefore, it＇ s necessary for the central bank to concern with coordination be- tween monetary policy and other economic policies based on full awareness of objectivity and popularity of industry effect of monetary policy.
出处
《河南金融管理干部学院学报》
CSSCI
2008年第6期27-32,共6页
Journal of Henan College of Financial Management Cadres
关键词
货币政策
行业效应
脉冲响应函数
monetary policy
industry effect
impulse response function
