摘要
中国的货币政策主要通过信贷渠道传递,采用协整分析的方法对我国信贷规模与实体经济增长之间的关系进行了检验,发现两者之间存在长期稳定的均衡关系,并且信贷规模对工业增加值的短期影响是正向的,长期影响是负向的,说明实体经济的持续增长需要持续扩张的信贷政策。
China′s monetary policy is transmitted mainly through the credit channel.Cointegration analysis method is used to test the relationship between credit scale and real economic growth in China,and long-term stable equilibrium is found.The short-term influence of credit scale on economic growth is positive,but the long-term relationship is negative,which indicates that the continual growth of the real economy needs continual expansion in credit policy.
出处
《湖北工业大学学报》
2009年第6期79-80,89,共3页
Journal of Hubei University of Technology
关键词
信贷政策
经济增长
协整检验
credit policy
economic growth
cointegration test
