【摘要】 发达国家经验表明,货币市场对货币政策操作的反应对货币政策的有效性具有重要意义。本文对中国货币市场对货币政策操作的反应进行了的实证分析,分析结果显示,中国,货币市场利率对货币政策操作具有一定的反应,但是,对不同货币政策工具操作的反应不完全相同。更多还原

【Abstract】 The experience of developed economies shows that effective reactions of interests rates of money mar- kets to monetary policy is very important for effectiveness of monetary policy.The paper empirically studies the case in China and finds that different monetary policy tools have different reactions for a certain monetary poli- cy.Finally,further correspondent policy suggestions are provided.更多还原