【摘要】 利用缓冲货币需求模型对中国居民的货币需求作了实证分析．结果表明，用缓冲货币吸收理论解释中国居民的货币需求比传统的货币需求理论更为合理．据此可以认为，中国居民的储蓄完全是一种自愿储蓄，因而居民储蓄存款具有较高的稳定性，至少在短期内不会大规模“出笼”冲击商品市场．更多还原

【Abstract】 A new explanation for the phenomenon of money over supply and the decline in the velocity of money in China provides based on the shock－absorption demand theory The empirical analysis proves that shock－absorption demand function is more powerful in explaining money demand in China than traditional money demand function. It thus can be believed that the household savings in China are voluntary at all and it will be stable. This means there is no strong infiationary pressure in short time.更多还原