| 货币冲击对农产品相对价格的影响 |
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| 引用本文： | 方鸿.货币冲击对农产品相对价格的影响[J].统计与信息论坛,2011(9):55-60. |
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| 作者姓名： | 方鸿 |
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| 作者单位： | 广西财经学院经济与贸易学院;西南财经大学中国西部经济研究中心; |
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| 摘 要： | 根据Cairnes—Bordo的理论,当货币政策调整引起货币供给量变化时,农产品的市场价格反应要比工业品市场快,因此货币政策的调整会影响到农产品与工业品的相对价格水平。然而,国外的农业经济学者的一系列实证检验的结果却不尽一致。基于中国有关数据的实证分析表明,货币供给冲击的确会对中国农产品与工业品的相对价格水平产生一定影响,扩张的货币政策短期内会提高农产品与工业品的相对价格水平,反之,收缩的货币政策会降低农产品与工业品的相对价格水平。实证分析结果也显示货币政策调整不会对中国农产品与工业品相对价格水平造成长远影响,从长期来看货币是中性的。
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| 关 键 词： | 货币冲击 农产品价格 工业品价格 |
The Effect of Monetary Shocks on Relative Agricultural Prices |
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| FANG Hong.The Effect of Monetary Shocks on Relative Agricultural Prices[J].Statistics & Information Tribune,2011(9):55-60. |
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| Authors: | FANG Hong |
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| Institution: | FANG Hong1,2(1.School of Economics and Trade,Guangxi University of Finance and Economics,Nanning 530003,China,2.Research Center for West China's Economic,Southwest University of Finance and Economics,Chendu 610074,China) |
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| Abstract: | According to Cairnes-Bordo proposition,agricultural commodity prices are more responsive to monetary policy than manufactured product prices,and monetary policy can affect relative agricultural prices.However,empirical studies of effects of monetary disturbances on relative agricultural prices report conflicting results.Our empirical analysis shows that monetary supplyshocks do affect the relative agricultural prices in the short run in our country.Expansionary monetary policy will raise the relative prices... |
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| Keywords: | money supply shocks agricultural prices manufactured product prices |
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