| 论我国货币政策效应 |
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| 引用本文： | 王晨铖,李文军. 论我国货币政策效应[J]. 当代经济科学, 2010, 32(6) |
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| 作者姓名： | 王晨铖 李文军 |
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| 作者单位： | 中国社会科学院,研究生院,北京,100102;中国社科院,数量经济与技术经济研究所,北京,100732 |
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| 基金项目： | 中国社会科学院2010年重大课题 |
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| 摘 要： | 本文基于VECM模型对我国货币政策效应做实证分析.结果表明,我国货币政策效应主要体现为促进经济增长,经济系统对货币需求和物价水平缺乏显著的抑制作用.我国中央银行为应对国际金融危机而实施的一系列宽松的货币政策,一方面有效地推动了GDP的止跌回升,另一方面也产生了通货膨胀的预期,助长了股票市场和房地产市场价格的高涨.因此在后金融危机时期要逐步调整货币政策,注意通货膨胀的风险,防范股票市场和房地产市场的泡沫.
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| 关 键 词： | 金融危机 货币政策 经济增长 物价水平 |
An Empirical Analysis on the Effects of Chinese Monetary Policy |
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| WANG Chen-Cheng,LI Wen-jun. An Empirical Analysis on the Effects of Chinese Monetary Policy[J]. Modern Economic Science, 2010, 32(6) |
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| Authors: | WANG Chen-Cheng LI Wen-jun |
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| Affiliation: | WANG Chen-Cheng1,LI Wen-jun2(1.Graduate School of Chinese Academy of Social Sciences,Beijing 100102,China,2.Institute of Quantitative and Technical Economics,Chinese Academy of Social Sciences,Beijing 100732,China) |
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| Abstract: | VECM model is used to analyze the effects of Chinese monetary policy.The results indicate that currency policy effect of China's was manifested in boosting economic growth,but the economic system has little effect to control inflation.A package of Easy-money policy after financial crisis has played an important role to ensure the rally in China's economy,but it has also increased the speculation in real estate market and stock market,even more seriously,the rising price has produced inflationary expectation... |
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| Keywords: | Financial crisis Currency policy Economic growth Price level |
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