中国经济金融加速器效应的DSGE模型分析被引量：23

On Chinese economical finance accelerator effect——based on DSGE model analysis

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摘要文章建立一个三部门经济DSGE模型,使用中国数据对模型中的参数校准后进行数值模拟。通过分析模拟数据的脉冲响应图、波动性和自相关性发现,含金融加速器模型模拟的数据对实际数据的解释能力更强,引入金融加速器机制有助于放大和传播所有对投资和产出暂时冲击的效应。该结论从微观层面验证了中国经济金融加速器效应的存在性,并验证了中国信贷市场摩擦导致金融加速器机制提高了标准宏观经济模型解释正常周期波动的能力。 The article establishes a three sectors economy DSGE model, uses the Chinese data to carry on the value simulation after parameter calibration in the model. Through the analysis analog data pulse response chart, the wave and the autocorrelation, and discover that explanation ability of simulation data to the actual data are stronger including the financial accelerator model, the introduction finance accelerator mechanism is help to enlarge and disseminate the effect which investment and yield are attacked temporarily. This conclusion has confirmed the Chinese economical finance accelerator effect existence from the microscopic stratification plane, and confLrrned the China credit market friction to cause the financial accelerator mechanism to sharpen the standard macroeconomic explanation normal cycle undulation ability.

作者刘兰凤袁申国

机构地区广东外语外贸大学南国商学院经济系广东外语外贸大学国际经济与管理研究所广东外语外贸大学管理学院广东外语外贸大学国际经贸研究中心

出处《南方经济》 CSSCI 2012年第8期102-114,共13页 South China Journal of Economics

基金教育部人文社科规划基金项目(项目号:11YJA790200)阶段性研究成果

关键词金融加速器效应数值模拟 DSGE模型 Finance Accelerator Effect Value Simulation DSGE Model

分类号 F830 [经济管理—金融学]

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