我国货币政策信贷传导渠道的有效性及动态变迁分析被引量：3

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摘要自我国央行赋予商业银行自主经营权力以来,我国货币政策传导机制发生了很大变化,文章以1998年第一季度～2010年第二季度的货币供应量、信贷规模、GDP和通货膨胀的数据,进行协整检验,脉冲响应分析和方差分解,实证分析我国货币政策传导的信贷渠道和货币渠道的有效性,认为信贷渠道和货币渠道均在我国货币政策传导机制发挥了重要作用,但信贷渠道出现了低效性和不稳定性,再以状态空间模型估计我国货币政策信贷渠道作用的动态变迁轨迹,发现信贷渠道的作用在长期有逐步弱化的趋势,但在特定阶段信贷渠道的作用还会被强化。

作者陆虹

机构地区上海财经大学统计与管理学院

出处《统计与决策》 CSSCI 北大核心 2013年第2期161-164,共4页 Statistics & Decision

关键词货币政策信贷渠道有效性动态变迁

分类号 F822 [经济管理—财政学]

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