摘要
目前 ,我国对货币政策传导机制的研究多为定性分析 ,只有少数的定量分析文章也多为静态分析。本文利用状态空间方法建立了动态的季度变参数模型 ,对 90年代以来货币政策对宏观经济在不同时点的动态影响进行测算 ,从而描述了我国IS -LM曲线的动态特征 ,进而得出了近两年来通货紧缩时期中央银行所采取的货币政策是有效的结论。
Most papers about the transmission mechanism of the monetary policy are positive analysis, and few papers are quantitative research of which is usually static analysis. This paper makes dynamic time-varying parameter models using State Space Method, and calculates the dynamic effect of the monetary policy on the macro-economic in different time of the 1990's. Then we describe the character of the IS-LM model in China, and draw the conclusion that the monetary policy taken by the central bank in recently years of deflation is effective.
出处
《金融研究》
CSSCI
北大核心
2001年第3期50-58,共9页
Journal of Financial Research
