货币政策变化对农产品价格波动冲击效应研究

基于SVAR模型,考量了中国货币政策变化对农产品价格的冲击效应,研究表明:社会融资规模和利率会对农产品价格指数造成正向冲击;社会融资规模变化会引发物价总水平变化,进一步引起肉禽生产价格指数以及禽蛋生产价格指数的变化;社会融资规模和利率的变化对各类农产品生产价格指数影响显著,且社会融资规模对各类农产品价格的影响效应更为突出.

The Impact of Monetary Policy Changes on Price Fluctuation of Agricultural Products

Based on SVAR model, this paper tests and analyzes the impact of monetary policy changes on agricultural product prices. The research shows that :(1) the scale of social financing and interest rate have a positive effect on agricultural products price index;(2) changes in the scale of social financing will lead to changes in the general price level, and further lead to changes in the producer price index of the meat and poultry and changes in the producer price index of the egg ;(3) changes in the scale of social financing and interest rate have a significant impact on the producer price index of all kinds of agricultural products, among which the impact of the scale of social financing on the prices of agricultural products is more prominent.