社会融资结构对货币政策效力影响的实证分析  

Empirical Analysis of the Effect of Social Financing Structure on Monetary Policy in China

作　　者：刘丁平 

机构地区：[1]武汉理工大学管理学院,湖北武汉430070

出　　处：《天中学刊》2016年第1期73-77,共5页Journal of Tianzhong

基　　金：国家社科基金项目(14BJL004);河南省高校科技创新人才支持计划(14HASTIT005);郑州市软科学研究计划项目(20141049)

摘　　要：近十多年来,我国社会融资规模总量迅速扩张,多元化发展趋势的社会融资结构日益显著。我国货币政策效力被社会融资规模和社会融资结构的影响如何有必要进一步深入探讨。选取2002年―2012年间社会融资结构的数据进行的实证分析发现,总体上我国货币政策效力受到社会融资结构的影响越来越大,央行在制定货币政策时应该将社会融资结构的组成部分及其变化纳入考虑范围。In recent ten years, with the rapid expansion of the social financing amount, the social financing structure is multi-growing. Therefore, it is necessary to analyze how the effectiveness of China＇s monetary policy is influenced by the social financing scale and social financing structure. Through the empirical analysis of the data of 2002 -2012, it finds that the effectiveness of China＇s monetary policy is under more and more influences of social financing structure. The central bank should take the component of social financing structure and its change into consideration in formulating monetary policy.

关 键 词：社会融资结构 货币政策效力 计量分析 

分 类 号：F822[经济管理—财政学]