| 中国货币政策汇率传导有效性的实证分析 |
| |
| 引用本文： | 楚尔鸣.中国货币政策汇率传导有效性的实证分析[J].湘潭大学学报,2006,30(2):52-58. |
| |
| 作者姓名： | 楚尔鸣 |
| |
| 作者单位： | 湘潭大学,商学院,湖南,湘潭,411105 |
| |
| 基金项目： | 湖南省百人工程项目资助(05BR01) |
| |
| 摘 要： | 汇率是货币政策传导的重要渠道之一,但由于各国的汇率制度和市场健全性存在较大差异,汇率传导的有效性也就不尽相同。在对中国2000-2004的数据进行实证分析后可以得出结论:在单一盯住美元的汇率制度下,不仅货币供应量变动对汇率变动的传导,而且汇率变动对工业增加值变动的传导都不是很有效的。
|
| 关 键 词： | 货币政策 名义汇率 实际汇率 VAR模型 |
| 文章编号： | 1001-5981(2006)02-0052-07 |
| 修稿时间： | 2005年12月18 |
Empirical Study of the Effect of Exchange Rate Transmission of Monetary Policy in China |
| |
| CHU Er-ming.Empirical Study of the Effect of Exchange Rate Transmission of Monetary Policy in China[J].Journal Of XIANGTAN University:Philosophy And Social Sciences,2006,30(2):52-58. |
| |
| Authors: | CHU Er-ming |
| |
| Abstract: | Exchange rate is one of most import channel of transmission of monetary policy,but there are differences between different country on the effects of exchange rate transmission because of different exchange rate policy.After making an empirical analysis on the data from 2000 to 2004,we find out it loses its effectiveness on transmission not only in the change of supply of money to the change of exchange rate,but also in the change of exchange rate to the change of value added to gross industrial output value in a fixed exchange rate regime pegging single dollar. |
| |
| Keywords: | monetary policy nominal exchange rate real exchange rate VAR model |
| 本文献已被 CNKI 万方数据 等数据库收录！ |
|
