摘要
在我国现有外汇管理制度下 ,国际收支变动通过对货币乘数和基础货币的影响从而对货币供应量M2 产生较大的冲击 ,进而使货币政策的有效性受到影响。论文用Granger因果检验、VAR模型、误差修正模型就这一影响进行了实证分析。
With the strict control over foreign exchange practiced in China, balance of payment has a great effect on money supply through its influence on money-supply multiplier and monetary base, thus influencing the effectiveness of monetary policy. This paper analyzes that effect quantitatively with Granger Causality Test, VAR model and Error Correction Model.
出处
《西南农业大学学报（社会科学版）》
2004年第1期44-46,共3页
Journal of Southwest Agricultural University:Social Science Edition
关键词
国际收支
货币供应量
实证
balance of payment money supply positivist
