经济二元、结构效应与转轨时期的货币长期非中性  

On the Dual Economy,Structural Effects and Long-term Monetary Neutrality During Economic Transition Period

作　　者：战明华[1] 

机构地区：[1]浙江理工大学经管学院,浙江杭州310018

出　　处：《金融研究》2011年第5期72-85,共14页Journal of Financial Research

基　　金：浙江省社科基金(10HQJJ02);教育部人文社科基金(10YJC790317)的资助

摘　　要：在城乡二元分割环境下,本文分析了农业与非农两部门经济互动所产生的结构效应对货币长期非中性的影响。文中首先利用两部门一般均衡模型对货币与产出的关系进行了理论考察,并基于季度结构突变的协整分析方法剖析了货币与产出的长期关系,然后,利用递归的结构联立方程模型对理论进行了验证。研究认为:中国的货币存在着长期非中性特征,但这种特征主要不是来自于传统的名义调整不完全,而是源自城乡互动的结构性效应。Under the urban-rural dual economic environment , this paper reviews the long-term non-neutral effect of money. We firstly construct a two-sector general equilibrium model , which is used to investigate the relationship between money and output. Then we carry out the cointegration test to test the long-term non-neu- tral effect of money. Finally, using the recursive simultaneous equation model, we verify if the former theory is correct. The results show that the monetary neutrality does really exist in China, however, this is not from the incomplete nominal adjustment, but from the struetural effects of urban and rural interaction.

关 键 词：经济二元 结构效应 货币长期非中性 

分 类 号：F224[经济管理—国民经济] F124F822