我国货币政策信贷传导途径的实证研究及微观分析

根据我国经济的实际运行情况,联系理论,指出我国货币政策有效传导渠道应该是银行信贷渠道;利用相关数据,对银行信贷与国民生产总值进行相关检验和回归分析,进一步证实我国的货币政策主要是通过银行信贷渠道发挥作用的,但是这一渠道作用的发挥出现了弱化的趋势,这和我国货币政策的现实困境一致.结合实情对这一弱化趋势作了相应的分析,提出了相应的建议.

Empirically Microeconomic Analysis of China''''s Bank Credit Channel to Transmit Monetary Policy

According to China's actual economic operation in combination with theoretical guidance, a conclusion is drawn that in China the effective channel of monetary policy in China should be bank credit channel. The conclusion is confirmed further by way of the correlation and regression analyses using related data to check the correlation between the total bank loan and GDP. The results indicate that in China the monetary policy comes into effect mainly through the bank credit channel. However a weakened transmissibility of the channel has come out in coincidence with China's monetary policy which was just in a dilemma. Some suggestions are therefore set forward to improve the effectiveness of the transmission of China's monetary policy.