货币供给量作为货币政策中介目标适应性研究
财经研究 2007 年 第 33 卷第 02 期, 页码:48 - 58
摘要
参考文献
摘要
文章围绕货币政策中介目标的可测性、可控性和相关性特征,系统地对货币供应量作为货币政策中介目标的有效性进行模型分析和数据检验。研究结果表明:货币供给的内生性增强,货币供给的可控性降低;短期货币需求和货币流通速度不稳定,货币供给的可测性较差。但是,货币供给量与GDP和物价之间的相关性较好。
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[3]秦宛顺,靳云汇,卜永祥.从货币政策规则看货币政策中介目标选择[J].数量经济技术经济研究,2002(6):14~16.
[4]夏斌,廖强.货币供给量已不宜作为当前我国货币政策的中介目标[J].经济研究,2001,(8):33~43.
[5]Bernanke B S,I Mihov.What does the bundesbank target?[J].European Economic Re-view,1997,41:1025~1053.
[6]Chengsi Zhang.Monetary policy indicator identification in post-reform China:An appli-cation of VAR technique[R].Working paper,School of Economic University Of Man-chester,2004.
[7]Michael Dotsey,Christopher Otrok.M2and monetary policy:A critical review of the re-cent debate[J].Economic Quarterly,1994(Win):41~49.
[8]Mohsen Bahmani-Oskooee,Hafez Rehman.Stability of the money demand function in A-sian developing countries[J].Applied Economics,2005,37:773~792
引用本文
李春琦, 王文龙. 货币供给量作为货币政策中介目标适应性研究[J]. 财经研究, 2007, 33(2): 48–58.
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