中央银行资产规模与GDP关系的实证分析

为深入挖掘中央银行资产负债与GDP之间的内在联系,提高货币政策对经济发展的促进作用,文章利用多元统计与格兰杰因果检验,对人民银行资产规模与GDP的相关关系进行了计量分析。分析结果表明,中央银行资产规模与GDP存在长期均衡关系,央行资产负债表不仅体现了货币政策执行的结果,也通过其收缩和扩张发挥了政策工具的作用。

An Empirical Examination on the Relationship of the Central Bank Assets Scale and GDP

In order to dig deep into the intrinsic link between the central bank balance and GDP, improve the role of monetary policy in economic development, in this essay we use multivariate statistical and Granger causality test to make a quantitative analysis of the relationship between the asset scale of People＇ s Bank of China and GDP. The analysis results show that the scale of central bank assets and GDP have a long term equilibrium relation. And the central bank＇ s balance sheet not only reflects the result of the implementation of monetary policy, but also gives a full play to the role of policy tools through contraction and expansion