中国货币政策应对经济周期波动的有效性分析

An Efficiency Analysis of China's Monetary Policy in Coping with Business Cycle Fluctuations

本文首先从经济周期波动角度,分析归纳了中国货币政策应对经济周期波动四个阶段的不同表现和成效;其次,再对货币政策应对经济周期波动(以国内生产总值、就业率和物价水平衡量)进行实证分析;在定性和定量分析的基础上,考察中国货币政策应对经济周期波动的有效性。

Firstly,from the angle of business cycle fluctuation,the paper analyzes and sums up different performances and efficiencies of China＇s monetary policy in the four phases of business cycle.Secondly,it conducts an empirical analysis of the efficiency of monetary policy in dealing with business cycle fluctuation（measured in GDP,employment rate and price level）.On the basis of qualitative and quantitative analysis,the paper studies the efficiency of China＇s monetary policy in coping with business cycle fluctuations.