利率调整对中国股票市场影响的实证分析

Empirical Analysis to the Effect of Interest Rate Adjustment to Stock Market in China

本文将以上证股票市场为例,运用回归分析,Granger因果检验,协整检验,均值检验和方差分析对近三年利率调整对我国股票市场影响进行实证分析,最后对股市和理论分析相背离的走向的原因进行了分析。

This paper takes the Shanghai stock market as an example, makes empirical analysis to inspect impacts of rate policies of the past three years on the stock market of our country by means of regression analysis, granger causality test, the Association integration test, the mean test and variance analysis, and at last analyzes why the stock market goes against the theoretical analysis.