货币供应量对价格体系的传导效应分析

货币作为中间目标变量存在于经济生活中的任何一部分。国民经济的健康运转离不开货币，而货币政策作为重要工具在宏观经济调控中起着举足轻重的作用。本文选用2004年1月-2014年3月货币供应量与价格指数的季度时间序列数据，通过非线性平滑转换模型，实证研究了货币供应量与价格体系之间的动态关系，得出我国货币供应量对价格体系具有较强的传导效应。在基于以上研究结果的基础上对我国货币政策提出了相关的政策建议。

A conduction effect analysis of money supply to the price system

the currency as the intermediate target variable exists in any part of the economic life. The healthy operation of national economy cannot leave the currency and the monetary policy as an important tool plays an important role in macroeconomic regulation and control. This article chooses in January 2004, 2004 - march quarter of the money supply and price index time series data, through nonlinear smooth transformation model, empirical study on the dynamic relationship between money supply and price system, it is concluded that China＇s money supply system has strong conduction effect on prices. Based on the above research results on the basis of the monetary policy of our country puts forward relevant policy Suggestions.