通胀目标制的经济绩效研究——基于基本DID和扩展DID模型的实证分析  

The Study on the Economic Performance of Inflation Targeting Regime:Based on the Empirical Analysis of the Basic DID and extended DID model

作　　者：赵健[1] 

机构地区：[1]黄淮学院经济管理系,河南驻马店463000

出　　处：《金融理论与实践》2015年第12期56-60,共5页Financial Theory and Practice

基　　金：2015河南省软科学研究项目(152400410039);2016河南省教育厅人文社会科学研究一般项目(编号2016-gh-112);2015年河南省社科联;省经团联调研课题(SKL-2015-3151)

摘　　要：通胀目标制是20世纪末期兴起的货币政策实践成果,对西方国家的金融体系和市场机制产生重要影响。然而,学术界对通胀目标制的宏观经济绩效还存在诸多模糊性认识。基于此,通过对通胀目标制的经济绩效分析框架进行辨识和确立,在对基本DID模型的偏差进行实证检验的基础上,构建了扩展DID分析模型,并运用32个工业化国家和新兴市场国家的有关数据进行了实证分析,发现通胀目标制在新兴市场国家的实施效果要明显好于工业化国家。Inflation targeting regime is the monetary policy practice achievement of western countries, which emerged in the late twentieth Century. It has formed an important influence on the financial system and the market mechanism. However, the academic circles have many fuzzy views on the economic performance of inflation targeting regime. Based on this, the author establishes the analysis framework of the economic performance of inflation targeting regime. Furthermore, the author construct the extended DID analysis model based on the empirical testing the deviation of the basic DID models, and carry out an empirical analysis by using the related data from 32 industrialized countries and emerging market countries. The study obtains that the effect of implementation of inflation targeting regime in emerging market countries is better than in industrialized countries.

关 键 词：通胀目标制 经济绩效 扩展DID模型 工业化国家 新兴市场国家 

分 类 号：F820.5[经济管理—财政学]