详细信息
我国货币政策对稳定物价有效性的实证分析
The Empirical Analysis of China's Monetary Policy Effectuality on Price Stability
文献类型:期刊文献
中文题名:我国货币政策对稳定物价有效性的实证分析
英文题名:The Empirical Analysis of China's Monetary Policy Effectuality on Price Stability
作者:焦继军[1];李晓宁[2]
第一作者:焦继军
机构:[1]河南财经政法大学金融学院;[2]中南大学商学院
第一机构:河南财经政法大学金融学院
年份:2012
期号:5
起止页码:37-41
中文期刊名:经济问题
外文期刊名:On Economic Problems
收录:CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2011】;CSSCI:【CSSCI_E2012_2013】;
语种:中文
中文关键词:法定准备金率;货币政策;物价稳定;实证研究
外文关键词:statutory reserve rate; monetary policy ; price stability; empirical research
摘要:2009年以来,面对持续走高的物价,央行采取了连续上调准备金率的政策,以求减少货币供给量,稳定物价。通过建立CPI、广义货币供给量M2和GDP之间的回归模型,对1994~2010年的数据进行回归分析,得出了我国货币政策对稳定物价有效的结论。认为治理通货膨胀要采取多样化的宏观经济政策,注意货币政策、财政政策的搭配使用。同时要加快人民币汇率体制改革,促进产业结构调整和经济发展方式的转变。
Since 2009, in the situation of sustained high prices, China' s central bank has raised the statutory reserve rate, tried to reduce the money supply to stabilize prices. On this basis, the article established the regres- sion model among the consumer price index, M2 money supply growth rate and GDP growth rate, through regression analysis based on the data of 1994 -2010 we concluded that monetary policy on price stability is effective, and eco- nomic growth itself affect the price level internally. Therefore, to cope with the inflation we suggest taking measures of diversity macro - economic policies, and implementing monetary policy, fiscal policy and industrial policy coor- dinately. At the same time, accelerate the reformation of RMB exchange rate, arid change the pattern of China' s e- conomic development.
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