统计研究 ›› 2003, Vol. 20 ›› Issue (8): 54-6.

• 论文 • 上一篇    下一篇

股票市场的货币政策效应的度量

陆蓉   

  1. 中山大学
  • 收稿日期:1900-01-01 修回日期:1900-01-01 出版日期:2003-08-15 发布日期:2003-08-15

  • Received:1900-01-01 Revised:1900-01-01 Online:2003-08-15 Published:2003-08-15

Abstract: Measuring the impacts of monetary policy on stock markets can of help to carry out monetary policy and stock markets investment. By impulse response analysis and variance decomposition, this paper reveals that the degree and lag of the impacts have close relation to the regulation pattern of monetary policy; the impacts of money supply and interbank offer rates are strengthened, while that of loan scale is weakened;whether policy goal can be attained relies greatly on the degree of the connection of money market and stock markets.