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成本渠道假说研究述评 被引量:3

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摘要 成本渠道假说将货币传导从传统理论中的总需求一侧扩展到总供给一侧,有助于解释货币政策冲击实证研究发现的"放大率之谜"和"价格之谜",对货币传导机制理论做出了重要补充。同时,成本渠道的存在也改变了最优货币政策分析面临的约束条件,为分析和评价货币政策提供了崭新视角,提醒货币当局在设计和执行货币政策时必须重视政策的供给侧效应。本文系统梳理和评述了关于成本渠道作用机制、实证检验及其对于最优货币政策意义的研究,并简要探讨了该领域的未来发展方向。
作者 齐鹰飞
出处 《经济学动态》 CSSCI 北大核心 2012年第1期119-123,共5页 Economic Perspectives
基金 教育部人文社会科学研究规划基金项目<中国短期通货膨胀动态实证研究>(批准号:10YJA790147) 东北财经大学产业组织与企业组织研究中心2010年度教育部人文社科重点研究基地项目<规制实证研究前沿与应用>(编号:2010CIB06)的阶段性成果
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参考文献26

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同被引文献43

  • 1彭方平,王少平.我国利率政策的微观效应——基于动态面板数据模型研究[J].管理世界,2007,23(1):24-29. 被引量:86
  • 2Barth, M.J. III, and Ramey, 2001, "The Cost Channel of Monetary Transmission", NBER Macroeconomic, Annual 2001, Cambridge, MA: MIT Press, pp. 199 -239.
  • 3Berentsen, A. , and Waller, C. , 2009, "Optimal Stabilization Policy with Endogenous Firm Entry" , Federal Reserve Bank of St. Louis Working Paper.
  • 4Bergin, Paul R. , and Corsetti, G. , 2008, "The Extensive Margin and Monetary Policy", Journal of Monetary Econom- ics 55 ,pp. 1222 - 1237.
  • 5Bilbiie, F. , Ghironi, F. , and Melitz, M. , 2007, "Monetary Policy and Business Cycles with Endogenous Entry and Product Variety", NBER Macroeconomics, Annual 2007, University of Chicago Press, pp. 299 - 380.
  • 6Black, S. E. , and Strahan, P. E. , 2002, "Entrepreneurship and Bank Credit Availability", Journal of Finance 57, pp. 2807 - 2833.
  • 7Chowdhury, M. , Hoffmann, A. , and Schabert, 2006, "Inflation Dynamics and the Cost Channel of Monetary Transmis- sion", European Economic Review 50, pp. 995 - 1016.
  • 8Correa, R. , 2008, "Bank Integration and Financial Constraints : Evidence from U.S. Firms", FRB International Fi- nance Discussion Paper No. 925.
  • 9Dedola, L. , and Lippi, F. , 2005, "The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries", European Economic Review 49, pp. 1543 - 1569.
  • 10Dick, A. A. , 2006, "Nationwide Branching and Its Impact on Market Structure, Quality, and Bank Performance", Journal of Business 79, pp. 567 - 592.

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