关于信贷渠道和利率渠道我国的货币政策传导机制有效性的分析

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1、率渠道关联性较小；最后运用脉冲响应函数发现信贷渠道传导的时滞比利率渠道传导的时滞长；实证表明我国货币政策传导机制的信贷渠道和利率渠道在长期发挥效用，存在滞后，传导受到阻塞，并不通畅。第五部分是结论，得出我国货币政策信贷渠道和利率渠道的传导不通畅，同时还给出了相关的政策建议。关键词：货币政策传导机制信贷渠道货币渠道有效性论文类型：应用研究Title：ResearchontheefficiencyofMonetaryPolicyTransmissionmechanismbasedontheinterestratechannelandcreditchannelMajor：PoliticalEc

2、onomicsDegreeApplicant：JingjingZhangTutor：HongmeiLiuAbstractInrecentyears，withchangesoftheintemationaleconomicenvironment，domesticinterestratesandfinancialmarketsaffectedbytheintemationalenvironmentareconstantlychanging．Ourgovernmentconstantlyadjustsitsmonetarypolicyduringthisperiod，inordertoredu

3、cingthenegativeimpactoftheinternationalenvironmentonChina’Seconomicenvironment，makingsurethatthedevelopmentofChina’Seconomyisinarelativelyhealthyenvironment．Monetarypolicytransmissionmechanismisnotonlythecoreelementofthemonetarypolicytheory,butalsoanintegralpartofmacroeconomicpolicy．Monetarypolic

4、ytheoryCanbetracedbacktotheclassicalquantitytheoryofmoneyintheearly18thcentury,officiallyformedinthe1930ofthe20thcenturyafterKeynesianeconomictheorydominatingintheeconomictheory．Monetarypolicyworksthroughinterestrates，credit，assetpricesandexchangeratetransmissionchannelstoachievemacroeconomicgoal

5、s．Therefore，monetarypolicymeasuresworkthroughvariouseconomicvariableswithintheeconomicsystem，therebyaffecttheentiresocio-economicactivities．Inaword，acountry’Smonetarypolicyisvalid，dependingprimarilyonitslevelofpolicytooltoachievetheirmacroeconomicobjectives．Thisarticleaimstostudyeffectivenessofin

6、terestratechannelandcreditchannel，SOastostudywhetherthetransmissionmechanismofmonetarypolicyarevalid．Thispaperisdividedintofiveparts．ThefirstpartisIntroduction，itintroducesthebackgroundoftopics，aswellasresearchscholarsathomeandabroad．Thesecondsectiondescribesthepaperapplicationtothetheoryofknowle

7、dge；thethirdpartisthetheoryoftheeffectivenessofchannelsofcreditandinterestratechannel，discoveryreceivedblockingthetransmissionofbothchannelsandnotsmooth．Theforthpartisempiricalanalysis．Selectrelateddatabetween2001—2012