摘要
本文以货币政策工具调控货币供应量为重点，结合我国货币政策传导机制和目前的经济和金融体制，在定量研究货币政策工具、中介目标和最终目标三者之间关系的基础上，建立了一个货币政策宏观调控的动态大系统模型．应用大系统共态预估法构造了此模型的最优控制算法，并利用比较静态分析方法研究了货币政策的非中立性．最后运用本模型就近期因法定存款准备金率和利率下调对货币供给量的影响进行了实例分析．
This paper presents emphatically the regulation and control of money supply with monetary policy tools. on the basis of quantitative analysis of the relationship between monetary policy tools,intermediate aggregates and ultimate targets,a large-scale dynarnical macro-control system of monetary policy is well established by considering the combination of the conduction mechanism of China's monetary policy and presents economic and financial regimes. The optimal control algorithm of this system is constructed through the costate prediction method of largescale system,meanwhile the monetary non-neutrality is discussed with the analysis method of comparison statics. And this paper is ended with an example in connection with the effect in the recent decline in reserve ratio and some market rates on money supply.
出处
《经济数学》
1998年第3期7-18,共12页
Journal of Quantitative Economics
基金
中国科学院管理
决策与信息系统开放研究实验室
关键词
货币政策
大系统
最优控制
政策工具
共态预估法
Monetary policy, Large scale system,Optimal control,Policy tool,Costate prediction method
