摘要
文章对股市宏观调控研究作了简要回顾,运用VAR模型对货币政策调控股市的有效性进行了最新检验,结果表明货币政策对股市调控的效果不显著;同时,现有的财政政策调控属于漏损型调控,不利于股市的长期发展。因此,必须创新股市宏观调控机制。
A brief review of the research on stock market macro-control is made,and then the latest examination on the validity of monetary policy controlling stock market is carried on by using VAR model.It is indicated that the effect of the monetary policy to the stock market is not obvious.At the same time,the present financial policy is a weak regulation of stock market,which is harmful to stock market＇s long-term development.Therefore,the innovation of the stock market macro-control mechanism is well needed.
出处
《改革与战略》
北大核心
2008年第4期55-57,共3页
Reformation & Strategy
关键词
股市
宏观调控机制
创新
stock market
macro-control mechanism
innovation
