股票市场传导货币政策的财富效应与Q效应分析  

An Analysis of Wealth Effect and Q Effect for Transmiting Monetary Policy in Stock Market

作　　者：吕艳[1] 

机构地区：[1]西安理工大学工商管理学院,陕西西安710048

出　　处：《商业研究》2005年第9期20-23,共4页Commercial Research

摘　　要：目前,我国股票市场已成为货币政策传导的一条重要渠道。货币政策实施后,股票市场将产生财富效应从而影响消费支出,产生Q效应从而影响投资支出,进而影响总产出。但由于我国股票市场仍存在诸多问题,财富效应和Q效应均不显著,货币政策通过股票市场传导效率较低。为提高传导效率。At present,China's stock market has become an important channel for transmitting monetary policy.With the implementation of monetary policy,stock market may produce wealth effect to influence consumptian expenditure and Q effect to influence investment expenditure,which will influence the total output in turn.However, both wealth effect and Q effect in China's stock market are not notable because there are many problems in the market such as low efficiency of stock market to transmit monetary policy.To improve the efficiency, the stock market of our country should be improved and perfected progressively.

关 键 词：股票市场 货币政策 财富效应 Q效应 

分 类 号：F830.91[经济管理—金融学]