【摘要】 本文利用我国1996—2011年的月度数据,分别使用Johansen协整检验与Engle—Granger两步法,对传统货币需求模型、开放条件下的货币需求模型以及引入制度因素的货币需求模型进行实证检验,研究货币需求的长期稳定性及各因素对货币需求的影响,建立货币需求模型,对于提高我国货币政策的调控效率具有重要意义。更多还原

【Abstract】 In the paper,we use the monthly data in China from 1996 to 2011,respectively uses empirical tests of the traditional money demand model,the model of the demand for money in open conditions,as well as the monetary demand model the introduced by institutional factors with the Johansen cointegration test and Engle Granger two-step method.We study the long-term stability of the money demand and the impact of various factors on the demand for money,finally establish a China’ s money demand model.It is important for improving the efficiency of the regulation of China’s monetary policy.更多还原