中国是否存在金融加速器效应?——基于VEC模型的实证检验  

Does Financial Accelerator Effect Exist in China? ——An Empirical Study Based on a VEC Model

作　　者：杨胜刚[1] 侯坤[1] 

机构地区：[1]湖南大学金融与统计学院,湖南长沙410079

出　　处：《经济管理》2011年第7期9-15,共7页Business and Management Journal ( BMJ )

摘　　要：金融市场对经济波动的影响已被经验所证实,但真实经济周期模型和一些传统的经济分析理论都不能很好地对这种现象的内在机理进行透彻的解释。本文在对金融加速器理论进行系统梳理的基础上,运用VEC模型实证检验了我国经济波动中的金融加速器效应,证实了我国存在金融加速器效应。Financial market can affect the fluctuation of economy has been confirmed by the experience. But the internal mechanism of this phenomenon cannot be explained very well by real business cycle model and traditional economic theories. Based on a systematic review of financial accelerator theory, this paper confirms the existence of financial accelerator effect in our country through a VEC model.

关 键 词：金融加速器 经济波动 货币冲击 

分 类 号：F037.1[经济管理—政治经济学]