央行八次降息的投资效应及成因的实证分析

Empirical Analysis on Investment Effects and Its Cause of Central Bank Interest Reduc-tion for Eight Times

近几年来,我国政府连续采取了八次降息政策来增加投资和刺激消费,但降息政策实际效果如何?本文从分析降息政策的动因入手,通过整理数据、拟合模型,研究降息政策和投资的关系,分析其产生的动因,据此提出相关政策建议。

In the past few years,Chinese government has continuously reduced saving interest for eight times in order to enhance investment and provoke consumption.How about their effects?In this paper,authors will find relations between the policy of interest reduction and investment on the basis of statistical data and model,then will give some reasons that cause the policy to have these effects.Based on the above conclusions,some policy enlightenments are presented correspondingly.