论文部分内容阅读
凯恩斯在分析货币政策传导机制这一问题上偏好于结构模型实证分析,因而得出利率是货币政策传导的唯一途径;而货币主义没有描述货币供应量对于总产出的影响方式,而是通过Y的运动是否与M的运动之间存在密切相关关系,来分析货币对经济的影响。研究表明货币政策不仅会通过利率传导,还会通过股票等资产价格传导。
Keynesian preference for empirical analysis of the structural model in the analysis of the transmission mechanism of monetary policy leads to the conclusion that interest rate is the only way for the transmission of monetary policy. However, monetaryism does not describe the impact of the money supply on total output, Is closely related to the movement of M to analyze the impact of currency on the economy. Research shows that monetary policy can not only be conducted through interest rates but also through asset prices such as stocks.