SVAR Analysis of Monetary Policy Transmission Mechanisms of China
Abstract：The study of monetary policy transmission mechanisms of China is empirical based on SVAR,not traditional economic theory.There are GDP,CPI,short term interest rate,credit,stock price in the SVAR model.It is found that monetary policy mainly works through short term interest rate channel,not the other four channels.The effect s of monetary policy transmission both in financial institutions and from financial institutions to real economics are weak.
Keywords：monetary policytransmission mechanismsSAVR
Publication Date：2012-01-01
Online Publishing Date：2026-08-28(First online date of this platform, not the publication date of the document)
Pages：5( 57-61 )