| 我国财政政策和货币政策相互作用的实证研究——基于政策在价格决定中的作用 |
| |
| 引用本文： | 张志栋,靳玉英.我国财政政策和货币政策相互作用的实证研究——基于政策在价格决定中的作用[J].金融研究,2011(6). |
| |
| 作者姓名： | 张志栋 靳玉英 |
| |
| 作者单位： | 上海财经大学国际工商管理学院; |
| |
| 摘 要： | 本文选取1980～2009年度数据为样本,利用MS-VAR模型检验我国财政政策和货币政策在价格决定中的作用区制。实证结果表明,在1980～1997年间,价格为货币政策主导区制;之后为财政政策主导区制。为检验该结果的稳健性,本文分别对李嘉图等式和财富效应进行分样本区间的实证分析。最后,本文选取1996～2010年的月度数据,利用MS-OLS模型检验财政政策和货币政策与价格的关系,发现我国互补的宏观经济政策在稳定物价上是有效的。
|
| 关 键 词： | 财政政策 货币政策 价格水平的财政理论 |
The Empirical Study of the Interaction between Fiscal Policy and Monetary Policy |
| |
| ZHANG Zhidong JIN Yuying.The Empirical Study of the Interaction between Fiscal Policy and Monetary Policy[J].Journal of Financial Research,2011(6). |
| |
| Authors: | ZHANG Zhidong JIN Yuying |
| |
| Institution: | ZHANG Zhidong JIN Yuying |
| |
| Abstract: | Based on the MS-VAR model and the annual data from 1980 to 2009,this paper empirically tests the different policy regimes of fiscal policy and monetary policy in determining the price level.The results indicate that monetary policy was dominance regime pre-1997 periods and after 1997 it can be appropriately described as the fiscal policy dominance regime.Then,this paper tests the robustness of these results by verifying Ricardian Equivalence and wealth effect for the sub-sample separately.Finally,by using t... |
| |
| Keywords: | fiscal policy monetary policy fiscal theory of price level |
| 本文献已被 CNKI 等数据库收录！ |
|
