中国真的存在"超额货币"吗?——关于"交易方程式"适用性的质疑  

On the Application of Transaction Equation

作　　者：程建胜[1] 

机构地区：[1]中国人民银行研究局,北京100800

出　　处：《金融研究》2004年第6期104-112,共9页Journal of Financial Research

摘　　要：通过对交易方程式及其变换式在数学上的相等性、变量在统计口径上的一致性 (可比性)和货币功能的分析,本文认为,不宜用交易方程式来评价货币政策和经济运行状 况,应该考虑更为合适的办法估计货币需求。The scholars from China and IMF usually evaluate China's monetary economic situation by applying the transaction (or income) equation. The author argues that the transaction equation and its math transformation couldn't be employed in that way based on his analysis. Since the currency has not only functoned as transaction medium for decades years, but also as one form of wealth in China today. The more suitable approach should be found to estimate money demand function in China and to evaluate what has been happening in the economic life in China.

关 键 词：交易方程式 适用性 质疑 

分 类 号：F822.2[经济管理—财政学]