基于广义价格指数对货币政策效果影响的研究——对纳入资产价格的广义价格指数分析

发布时间：2018-10-20 08:27

【摘要】：如何有效衡量一国价格水平、维持价格水平在监测期内稳定波动,一直以来都是货币当局在货币政策框架中重点关注的内容。本文以2010年1月至2016年6月中国M 2和纳入资产价格的广义价格指数为样本,实证研究了货币供给和广义价格指数之间的关系。研究发现:广义价格指数能够对货币供给的变化产生瞬时且显著的反应,为此要在肯定资产价格在货币政策框架中发挥重要作用的基础上,确定以广义价格指数为核心的前瞻性指标体系定位,提高货币政策的实施效果。
[Abstract]:How to effectively measure the price level of a country and maintain the stable fluctuation of the price level in the monitoring period has always been the focus of the monetary authorities in the framework of monetary policy. From January 2010 to June 2016, this paper empirically studies the relationship between money supply and generalized price index. It is found that the generalized price index can produce an instantaneous and significant response to the change of money supply, which should be based on the affirmation that asset price plays an important role in the framework of monetary policy. To determine the positioning of the forward-looking index system with the broad price index as the core to improve the implementation effect of monetary policy.
【作者单位】：天津财经大学经济学院;
【分类号】：F726;F822.0

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