经济波动中我国货币需求因子的弹性分析  

An Analysis of the Elasticity of Chinese Monetary Demand Factors in Economic Fluctuations

作　　者：李燕燕[1] 常靖宇[1] 

机构地区：[1]郑州大学商学院,河南郑州450001

出　　处：《经济经纬》2011年第5期151-155,共5页Economic Survey

摘　　要：长期来看,经济波动中各需求因子和广义货币需求存在稳定的协整关系;短期来看,不同阶段对于动态货币需求向均衡方向起主要调整作用的因子是不同的,预期因素在复苏期的调整作用凸显,利率在繁荣期的调整作用凸显。这对2008年以来我国新一轮周期货币需求函数的构建可以提供一些借鉴。In the long term there is a stable cointegration relationship between each demand factor and the broad monetary demand in the fluctuation.In the short term,different factors play a different role of adjustment in the dynamic monetary demand in different stages.The adjustment function of expectational factor in the recovery phase is obvious and interest rate plays a noticable role of adjustment in the phase of prosperity,which provides some reference for the construction of the monetary demand function in the new economic cycle since 2008.

关 键 词：货币需求 经济波动 协整分析 误差修正模型 弹性 

分 类 号：F820.3[经济管理—财政学]