摘要
金融资产价格波动一直是国内外学者关注的热点问题,本文在对影响金融资产价格波动宏观因素进行理论分析的基础上,建立股指波动与经济增长、物价水平、货币供应量、利率水平、国际收支之间的动态拟合模型。通过实证分析,提出可持续的经济增长,稳定的汇率政策,适宜的货币政策,完善的监管制度是避免金融资产价格不正常波动的有效措施。
The fluctuation of financial assets price has been a hot issue of concern to domestic and foreign scholars.On the basis of theoretical analysis on the macro economic factors that affect the fluctuation of financial assets price,this article sets up the dynamic fitted model among stock index fluctuation and economic growth,price levels,money supply,interest rates,balance of payments.With the empirical analysis,the writer holds that keeping a sustainable economic growth,maintaining a stable exchange rate policy,formulating a reasonable monetary policy and establishing a sound regulatory system are effective measures to avoid abnormal fluctuation in financial assets price.
出处
《浙江工商大学学报》
2010年第2期42-49,共8页
Journal of Zhejiang Gongshang University
基金
国家自然科学基金项目(70573032)
国家哲学社会科学基金项目(06BJL017)
湖南省自然科学基金项目(09JJ3131)
全国统计科学研究项目(2008LZ026)资助
关键词
金融资产
宏观因素
价格波动
financial assets
macro factors
prices fluctuation
