摘要
文章利用协整和向量自回归工具,通过单位根检验、因果关系检验、协整检验和脉冲分析,从更宽广的视角来分析央行对股票市场的影响力。
The stock market and the Central Bank has subtle relations. This article uses the tools of co- integration and vectorial autoregressive model, by means of the unit root test, Granger causality tests, the co- integration test and the impulse analysis to analyzes the influence of the Central Bank on the stock market from a broader angle of view. The conclusion is that the central bank may have impact on the stock market.
出处
《统计与信息论坛》
2006年第3期107-111,共5页
Journal of Statistics and Information
