【摘要】 货币政策通过股票市场传导的渠道有 :托宾的 q理论、财富效应渠道、流动性效应渠道和股票市场渠道。随着股票市场的日渐发展 ,在我国具备了构建货币政策的股票市场传导渠道的条件 ,但也存在阻碍。尽管如此 ,我国也可以通过金融体制改革 ,推动股票市场的市场化 ,构建新的货币政策传导渠道更多还原

【Abstract】 The channel of the monetary policy through the stock market includes the following items: the Q theory of James Tobin, the channel of the wealth effect, the channel of the circulation effect, and the channel of the stock market. With the steady development of the stock market, we are ready for establishing the monetary policy through the stock market channel though there still exist some obstacles. Nevertheless we can also create new spreading channels of the monetary policy and promote the development of the stock market by the financial system reform.更多还原