上海金融
上海金融
상해금융
Shanghai Finance
2011年
10期
54~60
,共null页
Divisia货币指数 费雪理想货币指数 动量货币指数 货币政策中介目标
Divisia貨幣指數 費雪理想貨幣指數 動量貨幣指數 貨幣政策中介目標
Divisia화폐지수 비설이상화폐지수 동량화폐지수 화폐정책중개목표
Divisia Money Index; Fisher Ideal Money Index; Momentum Currency Index; Monetary Policy's Intermediary Target
本文在模拟澳州经济背景下。通过对迪维西亚指数、费雪理想指数以及动量货币指数的比较分析发现:三者在自身稳定性方面并无特别差异.但从宏观经济预测效果判断,动量货币由于兼得数量和速度双重因子,其总体表现要优于其他两者。这一结论具有重要的理论和现实意义,既为货币交易速度复归提供了有力的理论支撑,也为货币政策中介目标的选择提供了新的参考样本。
本文在模擬澳州經濟揹景下。通過對迪維西亞指數、費雪理想指數以及動量貨幣指數的比較分析髮現:三者在自身穩定性方麵併無特彆差異.但從宏觀經濟預測效果判斷,動量貨幣由于兼得數量和速度雙重因子,其總體錶現要優于其他兩者。這一結論具有重要的理論和現實意義,既為貨幣交易速度複歸提供瞭有力的理論支撐,也為貨幣政策中介目標的選擇提供瞭新的參攷樣本。
본문재모의오주경제배경하。통과대적유서아지수、비설이상지수이급동량화폐지수적비교분석발현:삼자재자신은정성방면병무특별차이.단종굉관경제예측효과판단,동량화폐유우겸득수량화속도쌍중인자,기총체표현요우우기타량자。저일결론구유중요적이론화현실의의,기위화폐교역속도복귀제공료유력적이론지탱,야위화폐정책중개목표적선택제공료신적삼고양본。
In the background of simulated Australian economy, through comparing Divisia index, Fisher ideal index and Momentum currency index, the paper finds out that there is no particular difference among these three indexes in terms of stability, but when it comes to the forecasting accuracy, Momentum currency index is superior to the others, for the quantity and velocity factors that it possesses. This conclusion is of important theoretical and prac- tical significance. It provides solid theoretical support for the return of velocity of money transaction, and also provides new reference sample for monetary policy in setting up intermediary target.