我国货币政策利率传导机制有效性实证分析 (1)

我国货币政策利率传导机制有效性实证分析 (1)

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时间:2019-02-01

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1、mechanismofmonetarypolicy.InthepartofthetheoryofInterestratetransmissionmechanismofmonetarypolicyareexpoundedtheinterestratetransmissionmechanismtheoryoftheWicksell,theinterestratetransmissionmechanismtheoryofKeynes,HicksandHansen'stheoryofthetransmissionmechanismofinterestrate,theinterestratetrans

2、missionmechanismtheoryofTobintheory,andTaylor'sruleandhistheoryoftheinterestratetransmissionmechanismofmonetarypolicy.Thethirdchapterintroducesthestatusofourcountry’sinterestratetransmissionmechanismofmonetarypolicy.ItincludestheintroductionofChina'smonetarypolicytransmissionmechanismandtheconducti

3、onpathofthecontrolledinterestrateandmarketinterestrateofchina.CommentingthemonetarypolicytransmissionmechanisminChina,analyzingthesituationofthecontrolledinterestrateandmarketinterestratecoexistinchina,andthepresentstatusoftheinterestratetransmissionmechanismofmonetarypolicy.Thefourthchapterisabout

4、empiricallyanalyzingtheeffectivenessofinterestratetransmissionmechanismofmonetarypolicyinchina.Firstintroducestherelatedeconometrictheoryandeconometricmodel.Thenstatesvariablesselection,illustratesthedataandthedataprocessingandstabilitytest.Thispaperselectsvariableindexofmoneysupply,interestrateind

5、ex,consumptionindex,investmentindex,yieldindexandpriceindex.Afterthat,byusingeconometricresearchmethodssuchasVAR,VECmodel,andco-integrationtest,GraingerGrangercausalitytest,impulseresponseanalysis,variancedecompositionanalysisandsoon,theempiricalanalysisarecarriedonfromthefollowingfiveaspects:theem

6、piricalanalysisofmarketinterestrateconductionpathofmonetarypolicy,theempiricalanalysisofthecontrolledinterestrateconductionpathofmonetarypolicy,thecomparativestudyoftheconductioneffectivenessonmarketinterestrateandthecontrolledinterestrateaffectingconsumption,thecomparativestudyoftheconductioneffec

7、tivenessonmarketinterestrateandthecontrolledinterestrateaffectinginvestment,thecomparativestudyoftheconductioneffectivenessonmarketinterestrateandthecontrolledinterestrateaffectingtotaloutputandprice.Thisis

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