基于最大化铸币税原则的宏观金融风险分析

The Microfinancial Risk Analysis On the Principle of Maximizing Seigniorage

最大化铸币税模型分析了铸币税和重要的货币政策目标——通胀率之间的相关关系。本文在进行总结前人研究综述的基础上,采用卡甘的货币需求函数,拟合并分析了我国现阶段的最大化铸币税的通货膨胀水平,旨在分析最优化的铸币税和宏观金融风险的关系,进而针对我国数据的拟合分析结果,提出了如何从最优铸币税视角,进行有效的防控宏观金融风险的相关政策建议。

The maximizing seigniorag model explained the relationship between the optimal seigniorate and the inflation rate ,which is the most important aim of monetary policy. Stands on the bases of the review of previous researches, and uses the money demand function of Cagan, this paper curves and studies the inflation rate of China's Mainland under the theory of The optimal seigniorate model, aiming to describe the relationship between the optimal seigniorate and the macro-financial risks and shows some results and suggestions.