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1、Abstractthecountry'sfiscalpolicyandmonetarypolicy.Theelasticityofinvestmentandconsumptiontointerestratenotonlyhaveanimpactonthenationalmicroeconomics,butalsohaveahugeimpactonthenationalmacroeconomics.Therefore,undertheconditionofsocialismwithChinesecharacteristic
2、s,onlythegrowthofinvestmentdemandandthegrowthofconsumerdemandcoordinatedeveloping,thetwocanbecometheinexhaustiblestrengthofChina'seconomicgrowthandsocialdevelopment,and,toachieveastrong,democratic,well-being's"Chinadream".Second,thispaperanalyzesthepresentsituati
3、onofinvestmentandconsumptioninterestrateofourcountry.Intermsofinvestment,duetothetotalamountofcapitalformationgrowthissignificantlyfasterthanthegrowthrateofGDPandthetotalconsumptionofresidents,causingseriousdeviationfromthelevelofits.Intermsofconsumption,inrecent
4、years,thetotalconsumptionofChinamaintainedarelativelyhighgrowthrate,butrelativetothehugenationalproductionandrelativelyhighinvestmentrateandinvestmentgrowthrate,lowerconsumptionrateandconsumptiongrowthrateisstillthemaineconomicstructuralproblemsinChina.Then,weuse
5、theTVP-VAR-SVmodelrespectivelytomakeanempiricalanalysisonthemechanismofactionofmarketrateandcontrolrateofourcountrytoinvestmentandconsumption,andgetthefollowingconclusions:First,theshort-termimpactofmarketinterestratefluctuationstoitselfisbiggerthanthelong-termef
6、fectsonitself.Theshort-termimpactofcontrolinterestratefluctuationstoitselfhasnosignificantdifferencewithlong-termeffects.themarketinterestratefluctuationsimpactonitsownisgreaterthanthecontrolledinterestrate'simpactonitsown.Indetail,theChiborfluctuationsimpactonit
7、sownisgreaterthantheShiborinfluenceonitsown,anddepositinterestratefluctuationsimpactonitsownislessthantheloaninterestrateinfluenceonitsown,controlinterestratevolatilitytherewasnosignificantdifferenceofshort-termandlong-termeffectsontheirown.Second,themarketintere
8、stratefluctuationsaffectinvestmentintheshortandlongdistinct,short-termimpactisgreaterthanthelong-termeffect,andcontrolinterestratefluctuationsaffectinvestmenti
