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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