| 货币供应量调控股市财富效应的可行性研究 |
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| 引用本文： | 汪东芳,徐长生.货币供应量调控股市财富效应的可行性研究[J].宁波大学学报(理工版),2005,18(1):77-80. |
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| 作者姓名： | 汪东芳 徐长生 |
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| 作者单位： | 宁波大学,科技学院,浙江,宁波,315211;华中科技大学,经济学院,湖北,武汉,430074 |
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| 摘 要： | 随着中国股市的长足发展，股市财富效应必将成为货币政策传导的重要渠道．运用实证分析发现，货币供应量与股指之间存在着正向的相关关系和比较明显的因果关系．这表明通过货币供应量来调控股市财富效应具有一定的可行性．但为了防止单一政策存在着扭曲问题，最好结合利率等其他工具一起使用．
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| 关 键 词： | 货币供应量 股票市场 财富效应 |
| 文章编号： | 1001-5132(2005)01-0077-04 |
| 修稿时间： | 2004年5月17日 |
Feasibility Study on Money Supply Regulating the Wealth Effect of Stock Market |
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| WANG Dong-fang,XU Chang-sheng.Feasibility Study on Money Supply Regulating the Wealth Effect of Stock Market[J].Journal of Ningbo University(Natural Science and Engineering Edition),2005,18(1):77-80. |
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| Authors: | WANG Dong-fang XU Chang-sheng |
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| Institution: | WANG Dong-fang 1,XU Chang-sheng 2 |
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| Abstract: | With the development of stock market, the wealth effect of stock market will be one of the important transmitting channels of monetary policy. After theoretical analysis, it indicates there are positive correlation and causal nexus between stock index and money supply. So the government may regulate the wealth effect of stock market by money supply. It may be better to apply other policy tools with money supply at the same time. |
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| Keywords: | money supply stock market wealth effect |
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