中国结构性货币政策有效性研究

Research on the Effectiveness of China's Structural Monetary Policy

近年来,结构性货币政策已经越来越成为中国常态化的货币政策,为此央行以结构性货币政策为基础建立利率走廊调控框架并丰富宏观审慎管理体系。本文通过建立VAR模型观察结构性货币政策工具对于结构效应,利率效应和经济增长效应的影响。以便有效引导市场利率水平和纾解小微企业融资困境,改善中国结构性问题来促进经济增长。

In recent years,structural monetary policy has become increasingly a normalized monetary policy in China.Therefore,the central bank has established an interest rate corridor regulatory framework based on structural monetary policy and enriched the macro prudential management system.This article observes the impact of structural monetary policy tools on structural effects,interest rate effects,and economic growth effects by establishing a VAR model.In order to effectively guide the level of market interest rates and alleviate the financing difficulties of small and micro enterprises,and improve China's structural problems to promote economic growth.