通货紧缩下我国货币政策传导的信贷渠道实证分析  

Experimental Analysis of Credit Channel to Transmit Monetary Policy of China in the Condition of Deflation

作　　者：王国松[1] 

机构地区：[1]上海大学国际工商与管理学院

出　　处：《统计研究》2004年第5期6-11,共6页Statistical Research

摘　　要：The credit channel of our monetary transmission during deflation is empirically studied from the financial institutions’ credit capital balance in this paper. It turns out that the monetary policy provides “active” monetary policy and “managed” floating foreign exchange rate policy with strong fund support,and implement macro regulation goals to pull economy growth and stabilize foreign exchange rate by credit channels of the financial institutions’ “security & investment” and “money occupied by foreign exchange” etc.as the transitional “monetary channel” of our monetary policy is impeded.The credit channel of our monetary transmission during deflation is empirically studied from the financial institutions' credit capital balance in this paper. It turns out that the monetary policy provides “active” monetary policy and “managed” floating foreign exchange rate policy with strong fund support,and implement macro regulation goals to pull economy growth and stabilize foreign exchange rate by credit channels of the financial institutions' “security & investment” and “money occupied by foreign exchange” etc.as the transitional “monetary channel” of our monetary policy is impeded.

关 键 词：通货紧缩 货币政策传导 信贷渠道 实证分析 中国 金融机构 浮动汇率政策 

分 类 号：F822.0[经济管理—财政学]