【摘要】 正确预测货币需求函数是有效实施货币政策的关键。基于现代货币数量理论,运用我国1995年～2006年的货币资料,对长期的货币需求函数及其弹性进行实证分析,结果表明:我国广义和狭义的货币需求同收入、利率和通货膨胀率之间存在着长期稳定的关系,可以由这些变量构造出稳定的长期货币需求函数,并可根据他们之间的弹性关系检验货币政策的有效性。更多还原

【Abstract】 To forecast correctly monetary demand function is the key to implementing monetary policies.Using modern monetary quantity theory,this article conducts an empirical analysis of long-term monetary demand function and its elasticity based on the money data from 1995 to 2006 of China.It concludes that the demand of narrow money and broad money of our country have long-term stable relation with income,interest rate and inflation rate.We can construct the stable long-term monetary demand function by making use of the variables and examine the validity of monetary policy through the elasticity relation between them.更多还原