货币政策的股票市场传导机制研究

Research on Monetary Policy's Stock Market Transmission Mechanism

货币政策通过股票市场传导的渠道有 :托宾的 q理论、财富效应渠道、非对称信息效应渠道、流动性效应渠道和狭义股票市场渠道。在总结分析了货币政策的几种股票市场传导机制基础之上 ,结合我国实践 ,提出了一些有利于拓展我国货币政策的股票市场传导效应的政策建议。

The monetary policy's channels,which are transmitted by the stock market,include Tobin's Q theory,wealth effect channel,asymmetric information effect channel?liquidity effect channel and narrow sense stock market channel.The paper analyzes several monetary policy's stock market transmission mechanism On the basis of the practice some suggestions about expanding our monetary policy's stock market transmission effect are put forwand.