本文關(guān)鍵詞： 利率市場化 利率傳導(dǎo)機(jī)制 貨幣政策 TVP-VAR模型　出處：《金融理論與實(shí)踐》2017年02期 　論文類型：期刊論文

【摘要】：借助帶有隨機(jī)波動率的TVP-VAR模型,實(shí)證研究了利率市場化進(jìn)程中利率渠道傳導(dǎo)效應(yīng)的動態(tài)變化。實(shí)證研究顯示,隨著我國利率市場化改革的推進(jìn),貨幣政策市場利率渠道的傳導(dǎo)效應(yīng)在不斷增強(qiáng),管制利率渠道的傳導(dǎo)效應(yīng)在不斷減弱,市場利率傳導(dǎo)效應(yīng)的不斷增強(qiáng)主要是我國經(jīng)濟(jì)金融環(huán)境不斷深化的結(jié)果。基于以上實(shí)證結(jié)果,給出了我國進(jìn)一步完善利率渠道傳導(dǎo)機(jī)制的相關(guān)政策建議。
[Abstract]:With the help of the TVP-VAR model with random volatility, this paper empirically studies the dynamic change of interest rate channel conduction effect in the process of interest rate marketization. The empirical study shows that with the development of interest rate marketization reform in China, The transmission effect of the interest rate channel in the monetary policy market is increasing, while that of the control interest rate channel is weakening. The increasing of the market interest rate conduction effect is mainly the result of the deepening economic and financial environment in China. Based on the above empirical results, the relevant policy suggestions on how to further improve the transmission mechanism of interest rate channels in China are given.
【作者單位】： 安徽大學(xué);宿州學(xué)院;
【分類號】：F832.31

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本文編號：1527113