近几年来的货币政策分析

 过去几年，国家在实行“积极”财政的同时，实行了“稳健”的货币政策，对促进经济稳定和保持人民币值稳定发挥了很大的作用。但由于受央行资产运用结构、货币市场发育、货币转导机制、商业银行行为、农业的特殊情况等各方面的限制，货币政策在促进经济增长的作用没有得到充分的发挥，需要进一步改善。

The Analysis of the Monetary Policy for the Latest Years

The paper measures the differences between the money supply and money demand while the economy performs at its potential level on the basis of quantitative analysis and scrutinize varying reason for the monetary inadequacy. It concludes that the current monetary policy should be more flexible and expansionary.