摘要
本文在包括产品、劳动和债券三个均衡市场的粘性信息一般均衡框架下研究中国经济。通过引入厂商、劳动者和消费者三种信息更新概率,并假设货币当局以利率规则作为操作工具,经过校准处理,并在DSGE模型下分析了各种冲击下的脉冲相应函数和方差分解。研究得出:(1)生产率变化最为敏感;(2)货币政策松紧随着不同的冲击呈现不同状态;(3)劳动供给和产出(缺口)增加所引起的经济影响是相似的,但是幅度大小不同;(4)产品价格和工资在各种因素冲击下影响不大;(5)各变量的波动主要来自总生产率冲击。
The development of new macroeconomic theory make we begin to re-examine the mo- netary rules effect under the condition of sticky information. In this paper, we study Chinese econo- my in the framework of sticky information general equilibrium which includes goods labor and finan- cial markets. We think agents update their information sets sporadically, when setting prices, wages, and consumption. At the same time, we also assume that the monetary authorities to interest rate rules as an operation tool, and analyze all sorts of shock pulse response function and variance decomposition, under the calibration and the DSGE model. It finds that ： （ 1 ） productivity change is most sensitive; （2） whether monetary policy is tight or not depends different states; （3） the labor supply and output （gap） caused by the increase of economic effect is similar, but different ampli- tude size; （4） the product prices and wages in a variety of factors impact effect little. ; variable fluctuations is mainly from aggregate productivity shocks. （5） The
出处
《南京社会科学》
CSSCI
北大核心
2013年第1期24-32,共9页
Nanjing Journal of Social Sciences
基金
教育部人文社会科学重点研究基地重大项目“开放经济条件下货币政策规则动态计量方法及应用研究”(12JJD790015)的阶段性成果
