近年来,我国外汇占款引起的内生性货币供给增加,导致国内物价水平不断走高。
In recent years, Position for Forex Purchase increases the endogenous money supply, which affects the stability of price level.
我国目前的货币供给虽然有一定程度的内生性因素,然而仍然具有相当程度的外生性因素。
At present in our country, although money supply has some endogenous factor, however it has quite exogenous factor.
货币供给的外生性与内生性一直是理论界争论的焦点之一。
That money supply is exogenous or endogenous has been one of the focuses that the theory circle has disputed all the time.
从理论角度来看,即货币需求的稳定性降低,并且货币的内生性增强。
From theory, the demand of money is less steady, and the currency endogenous has enhanced gradually.
造成这一现象的原因主要是货币供应量具有内生性,中央银行对其可控性正在逐渐减弱。
The main reason for this phenomenon is that the money supply is endogenous and the central bank is losing its controllability.
在盯住汇率制度和外汇冲销干预手段不完善的背景下,中国外汇储备的大量积累进一步增强了货币供给的内生性。
Under the background of pegged exchange rate and imperfect sterilized intervention, the significant accumulation of China's foreign exchange reserves have further enhanced the endogenous money supply.
在向量自回归模型基础上,通过格兰杰因果检验对我国货币供给的内生性或外生性作了实证检验。
This paper, based on Granger causality test in a vector autoregressive process, empirically analyzed the money supply in China.
货币内生性理论指出公众的货币需求会直接影响中央银行的货币供给。
The theory of endogenous money supply points out that the money demand of the public could affect directly the money supply of the central bank.
从基础货币和货币乘数两个方面系统地论证了我国货币供给内生性的影响因素。
Systematic appraisal of the impact of China's monetary supply of natural disposition factors was from the two sides in the basis money and monetary multiplier.
在回顾已有理论的基础上,本文采用协整、格兰杰因果和脉冲反应分析方法,对我国货币供应量的内生性进行了实证检验。
Based the review of existing theories of money supply, the paper adopts the cointegrate test, Granger causality and impulse response test to analyze the endogenesis of money supply in China.
在回顾已有理论的基础上,本文采用协整、格兰杰因果和脉冲反应分析方法,对我国货币供应量的内生性进行了实证检验。
Based the review of existing theories of money supply, the paper adopts the cointegrate test, Granger causality and impulse response test to analyze the endogenesis of money supply in China.
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