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货币政策传导机制的完善与利率市场化程度是分不开的,一直以来我国货币政策的执行效果都不够理想,远不如财政政策的执行效果,这主要是由于我国现阶段利率市场化程度还比较低,货币政策传导机制不够完善。笔者在已有研究的基础上,通过应用向量自回归模型和脉冲响应函数,来进一步分析我国利率市场化程度对宏观经济运行的影响,并对我国利率市场化进程中存在的一些问题提出了自己的看法。
The improvement of the monetary policy transmission mechanism is inseparable from the marketization of interest rates. The implementation of monetary policy in our country has been unsatisfactory all the way to the implementation of fiscal policy, which is mainly due to the relatively marketization of interest rates in our country at the present stage Low, monetary policy transmission mechanism is not perfect. Based on the existing research, the author further analyzes the impact of the marketization of interest rate on the macroeconomic performance by applying vector auto-regression model and impulse response function, and puts forward some suggestions to some problems in the process of marketization of interest rate in our country the opinion of.