摘要
文章运用时间序列分析的方法,研究在中国人民银行间接调控货币政策的新时期,在中国资本市场规范成长的新阶段,中国货币政策传导到中国资本市场的渠道的有效性。实证结果表明:中国货币政策能够通过利率渠道、通货膨胀率渠道和货币供应量渠道有效地传导到中国资本市场。
Analyzing serial number of time, the article researches validity of Chinese monetary policies transmitted to China＇s capital market in the new period of People＇s Bank of China indirectly controlling monetary policies and in new phase of regulating China＇s capital market. Demonstration result shows that China＇s monetary policies can be efficiently transmitted to China＇ s cupital market through interests, inflation rate and supply of monetary.
出处
《广西经济管理干部学院学报》
2006年第2期59-69,共11页
Journal of GuangXi Cadres College of Economic and Management
关键词
货币政策
资本市场
传导渠道
有效性
Monetary Policies
Capital Market
Transition channels validity
