我国货币供应量对股票价格指数的影响研究

Study on the Influence of Money Supply on Stock Index in China

货币供应量对股价的影响是投资研究的重要内容,而通过模型检验我国货币供应量和深证综合指数数据之间的内在联系,可得出如下结论:货币供应量与股价指数之间存在着长期的均衡关系;存款类货币增量的变化会引起股市价格的变化;货币供应量领先股价指数3期变动。

The impact of money supply to the stock price is an important research of investment research. By testing the internal relations between money supply and the data of Shenzhen composite index in China through model, it can be concluded that： a long-term balance is noted between money supply and stock index ; the change of deposit increment leads to the yield of the stock index ; the deposit increment affected the stock index increment after three periods of time.