基于我国不良贷款条件下的货币需求扩展函数研究

弗里德曼的货币需求函数是以预算硬约束和市场有效为前提的货币需求与相关经济变量的关系,实际上,在存在信贷软约束的体制下,传统货币数量模型所提供的理论货币数量与实际货币量的差额很大程度上是受不良贷款的规模影响;在对我国不良贷款现状进行理论分析和实证检验的基础上提出了基于不良贷款条件下的货币需求扩展函数,可为宏观经济总量的控制提供决策依据.

On Augmented Money Demand Function under the Conditions of Non-performing Loans

Friedman's money demand function is about the relationship between money demand and other related economic variables under the assumptions of hard budget constraints and efficient market.In the presence of soft constraints,the difference between the actual amount of money and the theoretical amount of money postulated by the traditional quantity theory of money is to a large extent influenced by the magnitude of non-performing loans.It follows that the augmented money demand function which takes into full c...