货币供应传导对CPI影响滞后期缩短的原因分析  

Reasons of Money Supply Conduction to CPL Influence Lag Phase Reduction

作　　者：王蓓[1] 刘远征[1] 

机构地区：[1]对外经济贸易大学金融学院,北京100029

出　　处：《现代财经（天津财经大学学报）》2009年第9期29-31,37,共4页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

摘　　要：货币学派认为价格的持续上升主要原因在于货币供应增长，而货币传导的过程本身具有一定时滞，研究此时滞的长短不管对于货币政策的制定者还是市场中的投资者都有举足轻重的作用。本文利用时间序列的计量方法对此进行深入分析，数据截取2000年1月至2009年2月的月度数据，发现国内M2对CPI的影响滞后3～4个月，比之前国内相关研究6～12个月的滞后期有所缩短。The monetarism thought： prices continue to rise primarily due to growth in money supply, monetary transmission process itself has a certain time lag, the length of the study of its monetary policy--makers and investors in the market have an important role. Using time series of measurements carried out in--depth research on this, the interception of the monthly data from January 2000 to February 2009 and found that the domestic impact of M2 to CPI lagged 3--4 months prior to the relevant research than the 6 --- 12 months has been to shorten the lag period.

关 键 词：协整检验 PDL模型 滞后效应 

分 类 号：F821.0[经济管理—财政学]