摘要
随着我国宏观经济调控模式由直接方式向间接方式的转变;货币市场的发展和利率市场化进程的加快,货币市场在货币政策传导中的地位越来越重要,使用协整VAR模型,对以同业拆借市场为例的货币市场的货币政策传导效应进行了实证检验,得出我国货币市场的货币政策传导是有效的。
With the transformation of Chinese macro economy regulation from direct to indirect ways, the money market development and interest rate marketization is speeded up. The status of money market in monetary policy transmission becomes more and more important. Take the debit market in same business as an example, this paper uses cooperated VAR model to examine the validity of monetary policy transmission in monetary market. It is concluded that the monetary policy transmission is valid in Chinese monetary market.
出处
《石家庄经济学院学报》
2007年第2期81-85,共5页
Journal of Shijiazhuang University of Economics
关键词
货币市场
货币政策
货币政策传导机制
monetary market
monetary policy
monetary policy transmission mechanism
