| 基于状态空间模型的货币政策传导机制有效性分析 |
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| 引用本文： | 蔡晓春,曹佳,叶发强. 基于状态空间模型的货币政策传导机制有效性分析[J]. 软科学, 2010, 24(3): 44-47 |
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| 作者姓名： | 蔡晓春 曹佳 叶发强 |
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| 作者单位： | 湖南大学统计学院,长沙,410079 |
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| 摘 要： | 采用变参数状态空间模型对中国2002~2008年间的货币政策传导机制在稳定物价与促进经济发展两方面的有效性进行研究。结果显示:货币政策传导机制在稳定物价方面作用较小,并存在减弱趋势;信贷渠道对经济发展的拉动作用不断上升,而货币渠道对经济发展的影响呈现出较为稳定的趋势。
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| 关 键 词： | 货币渠道 信贷渠道 状态空间模型 |
Analysis of the Efficiency of the Monetary Policy Transmission Mechanism Based on State Space Model |
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| CAI Xiao-chun,CAO Jia,YE Fa-qiang. Analysis of the Efficiency of the Monetary Policy Transmission Mechanism Based on State Space Model[J]. Soft Science, 2010, 24(3): 44-47 |
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| Authors: | CAI Xiao-chun CAO Jia YE Fa-qiang |
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| Abstract: | This paper divides the monetary policy transmission mechanism into the money channel and the credit channel.Then it analyzes the efficiency of the monetary policy transmission mechanism on the stability of price and the development of economy based on the state space model of time-varying parameter in the years from 2002 to 2008.Results show that the monetary policy transmission mechanism doesn't have strong influence on the stability of price and the influence has been reducing in the recent years.While the credit channel has a rising influence on promoting the development of economy and the money channel has a stable trend. |
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| Keywords: | money channel credit channel state space model |
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