股票市场的财富效应与托宾Q效应  

The Wealth Effect and the Tobin Q Effect on the Stock Market

作　　者：吕立新 王晶晶 

机构地区：[1]信达证券研发中心

出　　处：《金融市场研究》2015年第6期64-72,共9页Financial Market Research

摘　　要：股票市场形成适度繁荣并打通股市传导的基础条件,以此发挥出财富效应与托宾Q效应的作用,有效激励并引导资本市场向实体经济的投资,形成股市与实体经济的良性循环。A booming stock market with adequate conditions for policy transmission can give play to the wealth effect and the Tobin Q effect.That can effectively encourage and guide investment from the capital market to the real economy,forging tighter links between the two.

关 键 词：财富效应 托宾Q 货币政策 

分 类 号：F832.51[经济管理—金融学] F224