国债规模与货币供应量关系的实证研究  

Positive Research on Relationship between Scale of National Debt and Money Supply in China

作　　者：毛定祥[1] 陈婷[1] 

机构地区：[1]上海大学国际工商与管理学院,上海201800

出　　处：《上海大学学报（自然科学版）》2008年第4期436-440,共5页Journal of Shanghai University:Natural Science Edition

摘　　要：在对数据进行单位根检验、协整检验和Granger因果检验的基础上,利用状态空间模型,对中国国债规模与货币供应量的关系进行了实证研究.因此得出结论,国债规模的扩大引起了货币供应量的增长,其弹性系数呈波动增长趋势.应当充分重视国债的金融功能,以协调货币政策和财政政策的实施.Based on unit root testing, co-integration testing and Granger causality testing, a state space model is used to carry out an empirical study on the relationship between the scale of national debt and money supply in China. The main conclusion is that expansion of the scale of national debt has caused the growth of money supply, and its elasticity coefficient shows a tendency of fluctuating increase. We should closely watch the financial function of national debt in order to coordinate the implementation of the monetary and fiscal policies.

关 键 词：国债规模 货币供应量 协整 状态空间模型 

分 类 号：F830[经济管理—金融学]