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货币政策调控对于我国宏观经济平稳发展产生积极的推动作用,从我国货币市场发展路程来看,从双轨制经济时期到汇率并轨时期,然后由汇率并轨时期到人民币汇率管理机制构建的探索时期,这三个区间对于我国货币政策的出台都产生了相应的积极影响。然而随着外汇管理体制的改革,使得我国货币政策的主动性逐渐受到抑制,为我国经融市场的快速发展产生了相应的消极影响。自此之中进行货币市场数据平稳性检验就显得尤为重要,对于不同货币利率体系之间的传导机制进行因果关系研究,并且建立政策工具的近、远期目标数学模型,使得本文的分析过程更加具有说服力。
The regulation of monetary policy has a positive impetus to the steady development of China’s macroeconomy. From the perspective of the development of China’s money market, from the period of dual-track economy to the merger of exchange rates and the period of exploration from the time of exchange rate consolidation to the establishment of RMB exchange rate management mechanism, A range for the introduction of China’s monetary policy have produced a corresponding positive impact. However, with the reform of the foreign exchange administration system, the initiative of monetary policy in our country has been gradually suppressed, which has had a corresponding negative impact on the rapid development of the financial market in our country. Therefore, it is very important to conduct the test of the stability of the money market data. The research on the causal relationship between the transmission mechanisms of different monetary and interest rate systems and the establishment of near-term and long-term mathematical models of policy instruments make the analysis process of this article more have pursuasive power.