摘要
货币政策的有效性问题一直受到我国学术界的关注,特别是近年来中央银行针对愈演愈烈的通货膨胀及房地产投机现象,多次运用加息、提高存款准备金率等货币政策工具对宏观经济进行调控。本文运用货币政策有效性理论,并结合相关理论模型和统计数据,对1991~2010年期间的货币政策效果进行了实证分析。通过对理论模型与实际货币需求和货币供给变动的拟合程度进行检验,从货币供需变动角度分析了我国货币政策的有效性。
The problem of monetary policy＇s efficiency is always a concern in the academic field in China.In order to solve the aggregating problems of inflation and profiteer activities in real estate industry,the Central Bank of China frequently used monetary tools such as interest rate hike,increasing the deposit-reserve ratio to manage the macroeconomics.This paper used relevant theories,models and statistic data to analyze the outcome of the monetary policies from 1991 to 2010.By examining the goodness-of-fit statistics on the theory models and actual monetary demand supply change,we analyzed the efficiency of China＇s monetary policies from the aspect of the change in supply and demand in monetary.
出处
《工业技术经济》
CSSCI
2011年第6期133-138,共6页
Journal of Industrial Technological Economics
关键词
货币供给
货币需求
货币政策有效性
有效值域
money supply
money demand
efficiency of the monetary policy
effective range
