中國貨幣數(shù)量與價格水平的關系研究.pdf

1、山西財經(jīng)大學碩士學位論文中國貨幣數(shù)量與價格水平的關系研究姓名：李喜國申請學位級別：碩士專業(yè)：數(shù)量經(jīng)濟指導教師：郭惠英201003304AbstractPricestabilityistheultimategoalofChinesemoarypolicy，moneysupplyastheintermediatetargetsince1996.Inthispaper，cointegration，VAR，Grangercausalitytes

2、tothereconometrictechniqueswasused，edfromJanuary2001toDecember2009assampledata，asystematicstudybetweenthreelevelsofmoneysupply(M0，M1M2)commodityprices(CPI)assetpricesastherepresentative.Theconclusionthat：economicoutput，t

3、henarrowmoneysupply(M1)，CPIhasthelongrunequilibriumrelationship.narrowmoneysupply.Thispapershowsthatthemoneysupplyisindirectproptiontothepricelevelwiththelagoftenmonths；moneysupplystockmarketcointegrationrelationshipexis

4、tstoo，indicatingChinasstockmarketismoneyientedmarket；moneysupplyrealestatepricesthereisaonewaycausalrelationship，thenarrowmoneysupplyM1increasedby1%willleadtonationalrealestateaveragepriceincreaseofabout0.6%.Thoughthemoa

5、rypolicyofusingmoneysupplyasintermediatetargettocontrolthepricesiseffective，themoneysupplyisinfluencingthecapitalmeme.ThePeople’sBankofChinashouldthinkmuchofthispoint.Followingthebasicstudymethodoftheydeionempiricalanaly

6、sis，thispaperisdividedintofivechapters.Chapter1putsfwardtheissuespointsoutthebackgroundpracticalsignificancefthestudy.Chapter2concludessummarizestherelationshipbetweencurrencyamountpricelevel，layingasolidfoundationffurth

7、erinvestigation.Chapter3reviewsthecurrentstudymethodresultsfromhomeabroad.Chapter4，ceofthepaper，conductsempiricalanalysisftherelationshipbetweencurrentamountpricelevel，thepricebeinganalyzedintwoways，commercialpricecapita