经济与管理Issue(10)：59-64,6.
货币政策与物价稳定的非线性动态关系——基于货币供应量的视角
The Nonlinear Dynamic Relationship between Monetary Policy and Price Stability——Based on the View of Money Supply
初彦波 1丁林涛1
作者信息
- 1. 东北财经大学 金融学院,辽宁 大连 116025
- 折叠
摘要
Abstract
In this paper, we use the quarterly time series of money supply and price level in the 2001-2011 to study the dynamic relationship between them through a nonlinear smooth transition models. The results show that there exist two-way Granger causality between money supply and price stability and this relationship can be expressed by LSTR2. The LSTR2 model takes the variable of time as the transition variable, which happened around the outbreak of SARS and the subprime crisis respectively. Finally, the price level is mainly affected by itself in China, which implies that the price level has a strong inertia.关键词
货币供应量/物价水平/平滑转换回归模型Key words
Money supply/Price level/Smooth transition model分类
管理科学引用本文复制引用
初彦波,丁林涛..货币政策与物价稳定的非线性动态关系——基于货币供应量的视角[J].经济与管理,2012,(10):59-64,6.
