摘要
利率作为重要的宏观经济调控工具,每一次调整都引发了股票市场的波动。分析我国近几年来股市波动与利率变化的关系发现,利率调整对股市的影响并不总是负相关的,理论上利率对股市的干预效应在实践中难以得到验证,股市的波动更多地受到来自利率以外的因素的影响,利率干预股市在现阶段我国经济实践中还存在着理论与实践的背离。
As an important tool of macroeconomic regulation,the adjustment of interest rate always leads to the stock market volatility.It is found from analyzing the relationship between the stock market volatility and the adjustment of interest rate in recent years that the influence of the adjustment of interest rate to the stock market is not always negative and the intervention of the influence in theory is not verified in practice.Stock market volatility is influenced by the factors originating outside the interest rate,and the interest rate＇s interference in the stock market is deviation of theory and practice in the economic practice in our country.
出处
《河北经贸大学学报（综合版）》
2011年第4期50-53,共4页
Journal of Hebei University of Economics and Business(Comprehensive Edition)
关键词
利率
股市波动
实证分析
interest rate
stock market volatility
empirical analysis
