利率传导机制

M1、M2均通过GDP对股市产生间接影响，但没有形成利率传导机制，我国股市是关于协整向量的弱外生变量。

M1 and M2 indirectly effect the stock market through GDP but no transmition mechanism is formed stock market is a weakly exogenous variable in the cointegration vector .

本文基于新颖的和交叉性统计数据，通过协整检验与Granger因果关系检验等方法，对中国货币政策的利率传导机制进行实证研究。

This paper conducts empirical study on the transmission mechanism of interest rate in China monetary policy , via co-integration and Granger causality test and based on new and cross statistics .

利率传导机制还存在时滞效应。

There are different time lags on interest rate transmission mechanism .

中国货币政策利率传导机制的实证研究：1998～2008年

Empirical Analysis on Interest Rate Transmission Mechanism in China : 1998 ~ 2008

中国货币政策的利率传导机制研究

The Study of the Transmission Mechanism of Interest Rates of Monetary Policy in China

货币政策传导的主要问题表现在：1.中央银行公开市场操作的市场基础薄弱，利率传导机制受阻；

The major problems in monetary policies conduction consist : 1 . The blocked channel of interest rate ;

然而，无论从利率传导机制说还是从信用效应渠道看，我们的货币政策都遇到了中梗阻问题，产生中梗阻的体制原因只能靠深化改革来解决。

Nevertheless , our monetary policies meet obstacles from both credit transmission can only be solved by further reform .

我国货币政策传导不畅的制度分析&养老金体制对利率传导机制的阻碍与对策

Institutional Analysis on Monetary Policy Transmission Mechanism Obstacle & The Affection and Countermeasure of Pension System on Interest Rate Transmission Mechanism

第二部分对货币政策的利率传导机制进行了理论分析，首先主要论述了货币中性问题，在综合分析大多数理论界的观点后，更倾向于认为，在实际经济中，货币是非中性的。

In the second chapter , mainly remember the dominating theory of transmission mechanism of monetary policy , and discuss the neutrality of money ;

然而我国的资本市场和商品市场的市场化程度并不高，导致这些利率传导机制理论在我国的应用仍然受到一些局限。

However , the marketization of commodity market and capital market in China needs to be improved , and the theory has certain limitation .

而二元投资主体下，国有企业固有的对信贷制度性依赖使得货币政策利率传导机制的投资效果大打折扣。

The binary investors , the state-owned enterprises inherent dependence on the credit system allows the interest rate transmission mechanism of monetary policy effects impact on investment .

传统的凯恩斯利率传导机制理论包含了一些前提条件，其要求商品市场和资本市场两者的功能比较完善。

The traditional Keynesian theory of interest rate transmission mechanism is based on the commodity market and capital market which are functional , with a lot of assumptions .

同时对货币政策利率传导机制的定义及分类给予明确说明并较详细的分析国外发达国家货币政策利率传导的先进经验。

Meanwhile the paper gives the definition and classification of interest rates on monetary policy transmission mechanism and analysis the advanced experience of developed countries monetary policy transmission .

这从侧面可以证明：相比较于其他几个货币传导机制，我国的利率传导机制的阻塞效用更强，即其对货币政策总体绩效的贡献度相对最小。

Compared with other monetary transmission mechanisms , the choke effectiveness is stronger in China , i. e. its contribution to the overall monetary policy performance is smaller .

论文将现在的货币政策传导理论归类为三种，利率传导机制、信用传导机制及汇率传导机制。

The theory of monetary policy transmission is categorized three kinds in the paper : Interest rate transmission mechanism , Credit transmission mechanism , foreign exchange rate transmission mechanism .

本文采用定性和定量相结合的方法研究我国货币政策的利率传导机制，使用计量分析技术将货币政策利率传导途径中的不同环节拆分开来，逐一进行验证。

We use qualitative and quantitative research methods to study the monetary policy transmission mechanism , and use econometric analysis technology to study the different ways of monetary policy .

这些内容主要是资产定价模型、资产价格向消费与投资传导的机制、货币政策理论和利率传导机制。

These mainly include Capital Asset Pricing Model , the transmission mechanism of asset prices to consumption and investment , the monetary policy theory and the interest rate transmission mechanism .

通过格兰杰因果检验、脉冲响应分析、方差分解分析等实证研究方法，对我国双轨制利率传导机制的效应进行了研究。

Through the empirical research methods , such as Granger causality test , impulse response analysis and variance decomposition analysis , we study the effect of the dual-track interest rate transmission mechanism .

利率传导机制有效性的检验是依据1997年7月至2009年11月的月度数据，样本数据的范围跨度涵盖了我国从紧缩到扩张两个经济周期以及金融危机影响的短暂紧缩阶段。

Sample data span used in the effectiveness of the interest rate transmission mechanism test is from July 1997 to November 2009 which covers two economic cycles and a short period of financial crises .

然后分析中国利率传导机制，并采用大量的经济时间序列数据和要素增强型向量自回归模型对利率与宏观经济变量的相关性进行实证分析。

And then we analyze the transmission mechanization of interest rate in China by facilitating numerous time series data and Factor Augmenting Vector Autoregression Model , analyzing the relationships between interest rate and macroeconomic variables .

1节和1.2节首先回顾了利率传导机制及其发挥作用的条件，并分析货币政策通过信用渠道传导的效果比传统的利率渠道更明显。

Looks back upon the interest transmission mechanism and the conditions on which this mechanism exert its effect . Then section 1.2 explains that monetary policy has more obvious effect via credit channel rather than traditional interest channel .

利率传导机制是一种机理和过程，它描述了如何通过货币政策引导利率，进而由利率影响微观经济主体的行为活动，最终对宏观经济产生影响。

The interest rate transmission mechanism is a mechanism and process which describes how the monetary policy guides interest rates , and then interest rates influence the behavior of the microeconomic subject , thus ultimately affecting macro economy .

货币政策利率传导机制是反映货币政策如何调节利率，再通过利率引起其他经济变量如消费、投资的变化，从而影响整个国民经济的机理与过程。

The theory of the transmission mechanics of the interest rate studies how the changes of the interest rate result in the changes of other economic variables such as the consumption and the investment and realize the goal of the policy based on such changes .

在中国资本控制逐步放松和资本账户渐进开放进程中，加强利率汇率传导机制是实现我国内外经济均衡的重要途径。

With the gradual relaxation of the capital control and liberalization of the capital account in China , it is an important way to achieve the internal and external economic equilibrium by strengthening interest rate and exchange rate transmission mechanism .

虽然我国短期内爆发与次贷危机类似的金融危机的可能性不大，但是应加快货币市场建设的步伐，完善利率传导的机制，提高货币政策操作的有效性。

Although in the short-term , the likelihood of sub-prime crisis in China is small , China should speed up the pace of construction of the currency market , improve our interest rate transmission mechanism and enhance the effectiveness of monetary policy operation .

最后，本文还分析了利率的传导机制，从利率的传导途径中了解到利率在哪一个环节受到影响，造成本文中关于利率与失业率的分析结果。

Finally , the paper also analyzes the transmission mechanism of interest rates , from the interest rates pathway we can understand the rate is affected in which part , resulting in the results of the analysis about interest rates and unemployment in this article .

健全利率形成和传导机制。

We will improve the mechanisms for setting and transmitting interest rates .

利率通过其传导机制发挥其调节功能。

The interest rate works depends on its mechanism .

然而，货币政策传导机制理论也充斥着争论与辩驳，传统的货币政策货币（利率）渠道传导机制与新的信贷渠道传导机制并存。

However , the theory of the transmission mechanism of monetary policy is full of dispute .

运用1978-1998年的数据，对实际利率水平、利率传导机制与中国经济增长进行经济计量检验；

We also test the relation between the conductive mechanism of interest rate and growth with the data from 1978 to 1998 in econometrical method .