【摘要】 在考虑制度变量的滞后性前提下,运用货币滞存法对中国1979～2007年间的超额货币情况进行测量,随后运用平稳性分析、向量误差修正模型、冲击响应等方法得出了短期内经济增长对超额货币冲击的响应是正向的,长期而言是负向响应并趋于稳定;通货膨胀率对超额货币程度随机误差项冲击的响应短期达到正向响应的峰值,其后逐步衰减。更多还原

【Abstract】 Prevailing method to figure the excessive money has neglected the fact that money has an important role of value-storage and the money velocity is changing.This method also ignores the inter-relationship between the development of economics and the actual demands on money.Considering the lag of system variable,this paper measures the excessive money by the means of "monetary overhang",and then draws a conclusion among excessive money,economic growth and inflation in the short run and the long run.Furthermore,this paper tries to provide an empirical explanation on it.更多还原