我国货币政策对稳定物价有效性的实证分析  

The Empirical Analysis of China's Monetary Policy Effectuality on Price Stability

作　　者：焦继军[1] 李晓宁[2] 

机构地区：[1]河南财经政法大学金融学院,郑州450002 [2]中南大学商学院,长沙410083

出　　处：《经济问题》2012年第5期37-41,共5页On Economic Problems

摘　　要：2009年以来,面对持续走高的物价,央行采取了连续上调准备金率的政策,以求减少货币供给量,稳定物价。通过建立CPI、广义货币供给量M2和GDP之间的回归模型,对1994～2010年的数据进行回归分析,得出了我国货币政策对稳定物价有效的结论。认为治理通货膨胀要采取多样化的宏观经济政策,注意货币政策、财政政策的搭配使用。同时要加快人民币汇率体制改革,促进产业结构调整和经济发展方式的转变。Since 2009, in the situation of sustained high prices, China＇ s central bank has raised the statutory reserve rate, tried to reduce the money supply to stabilize prices. On this basis, the article established the regres- sion model among the consumer price index, M2 money supply growth rate and GDP growth rate, through regression analysis based on the data of 1994 -2010 we concluded that monetary policy on price stability is effective, and eco- nomic growth itself affect the price level internally. Therefore, to cope with the inflation we suggest taking measures of diversity macro - economic policies, and implementing monetary policy, fiscal policy and industrial policy coor- dinately. At the same time, accelerate the reformation of RMB exchange rate, arid change the pattern of China＇ s e- conomic development.

关 键 词：法定准备金率 货币政策 物价稳定 实证研究 

分 类 号：F822.0[经济管理—财政学]