社会融资规模下的CF-LM模型:CC-LM模型的新发展  

CF-LM Model Based on Theory of AFRE: New Development of CC-LM Model

作　　者：杜龙波[1] 高婧 

机构地区：[1]上海理工大学管理学院,上海200093 [2]约翰开普勒大学经济管理学院,奥地利林茨4020

出　　处：《统计与决策》2018年第1期18-22,共5页Statistics & Decision

基　　金：上海市研究生创新基金资助项目(JWCXSL1301)

摘　　要：随着金融创新的不断深化，实体经济中出现了融资工具多元化的趋势，这种趋势大大减弱了CC-LM模型在我国货币政策调控中的指导性作用。因此，文章在社会融资规模理论的支撑下对CC-LM模型进行了优化改进，并构建起了更加符合我国目前经济形势的CF-LM模型。CF-LM模型最大的优点在于它用融资市场取代了CC-LM模型中的信贷市场，并且它还同时考虑了融资市场、商品市场和货币市场的均衡。With the deepening of financial innovation, there appears a trend of diversification of financing instruments in the real economy, which has greatly weakens the guiding role of CC-LM model in the implementation of China＇s monetary policy. Therefore, supported by the AFRE （Aggregate Financing to the Real Economy） theory, this paper optimizes and improves the CC-LM model, and also constructs the CF-LM model which is more in line with China＇s current economic situation. The biggest advantage of the CF-LM model is that it replaces the credit market in the CC-LM model with the financing market, and simuhane- ouslv considers the balance of financin~ market, commodity market and money market.

关 键 词：社会融资规模 CC-LM模型 CF-LM模型 货币政策 

分 类 号：F821.0[经济管理—财政学]