摘要
本文实证分析美联储货币政策溢出对农产品价格的影响,研究结果表明:一是美联储货币政策溢出效应对中国农产品价格存在关联性影响;二是汇率效应存在异质性,美债利率效应存在市场预期干扰;三是不同农产品的价格周期特征存在差异,石油美元价格对农产品价格具有显著冲击效应,因而是政策溢出效应的重要影响因素。
This paper empirically analyzes the impact of the Fed's monetary policy spillovers on agricultural product prices.The results show that the Fed's monetary policy spillover has a correlated impact on China's agricultural product price;the exchange rate effect is heterogeneous,and there is a market expectation interference in U.S.bond interest rate effect;there are differences in the price cycle characteristics of dfferent agricultural products,and the oil dollar price has a significant impact on the price of agricultural products,so it is an important factor affecting policy spllover effect.
出处
《金融论坛》
CSSCI
北大核心
2022年第9期60-68,共9页
Finance Forum
