中国股市的泡沫与反泡沫——基于对数周期性幂律模型的实证研究

发布时间：2018-06-20 01:48

本文选题：泡沫与反泡沫 + 股票市场　；参考：《山西财经大学学报》2012年12期

【摘要】：在对股市泡沫和反泡沫的概念界定和形成机理进行规范分析的基础上,使用对数周期性幂律模型对我国股市的泡沫与反泡沫进行了分时间段的实证分析,得出了我国股市具有分形特征、存在对数周期性幂律泡沫及反泡沫、沪深两市转制趋于同步等一系列结论,提出了中国应适时适当使用财政政策、完善股市对称性等政策建议。
[Abstract]:Based on the normative analysis of the definition and formation mechanism of stock market bubble and anti-bubble, the logarithmic periodic power law model is used to analyze the bubble and anti-bubble in Chinese stock market in different periods. A series of conclusions such as fractal character of Chinese stock market, logarithmic periodic power law bubble and anti-bubble, and the synchronization of Shanghai and Shenzhen stock market are obtained. Some policy suggestions such as proper use of fiscal policy and perfection of symmetry of stock market in China are put forward.
【作者单位】：中国人民大学财政金融学院;现代国际金融理财标准(上海)有限公司;
【分类号】：F832.51;F224

【参考文献】