我国央行相对独立性的测度与通货膨胀关系
发布时间：2019-06-13 07:34
【摘要】：基于1978-2008年的经验数据,引入收入不平等、固定资产投资等宏观经济变量,通过多元回归嵌套模型的建立和运用,本文对我国中央银行独立性(CBI)与通货膨胀的关系进行了实证分析。研究发现CBI与通货膨胀不仅呈负相关关系,并且是通过与基尼系数和固定资产投资增长率的交互作用实现的,CBI指数每增加一个单位,通货膨胀率大约会降低3.54个百分点。研究还发现CBI存在一个作用的适度区间,即:CBIt∈(14.28,20.65)。基于此,我们认为,在14.28至20.65的区间内适度增大CBI可抑制通货膨胀。
[Abstract]:Based on the experience data of 19782008, the paper introduced macro-economic variables such as income inequality and fixed assets investment. Through the establishment and application of multi-regression nested model, this paper makes an empirical analysis on the relationship between China's Central Bank Independence(CBI)and inflation. The study found that CBI not only had a negative correlation with inflation, but also through interaction with Gini coefficients and fixed asset investment growth rate. For each unit increase in the CBI index, the inflation rate is reduced by about 3.54 percentage points. It was also found that CBI had a moderate range of action, CBIt鈭，
本文编号：2498363
[Abstract]:Based on the experience data of 19782008, the paper introduced macro-economic variables such as income inequality and fixed assets investment. Through the establishment and application of multi-regression nested model, this paper makes an empirical analysis on the relationship between China's Central Bank Independence(CBI)and inflation. The study found that CBI not only had a negative correlation with inflation, but also through interaction with Gini coefficients and fixed asset investment growth rate. For each unit increase in the CBI index, the inflation rate is reduced by about 3.54 percentage points. It was also found that CBI had a moderate range of action, CBIt鈭，
本文编号：2498363
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