RESEARCH ON INTERACTION BETWEEN MACROECONOMIC SYSTEM AND STOCK MARKET BASED ON SYSTEM DYNAMICS

摘要：

From the point of system dynamics, the internal operational mechanisms in macro economic system and stock market as well as the interaction between them are studied by virtue of the micro variables in systems. Results shows that GDP, currency supply and stock index are all in periodic operation, and they all have the same cycle on the condition of no policy intervention. While taken on policy change, micro variable in economic system such as monetary variable still presented a cyclical growth, but the cycle stretched, meaning that volatility got remarkable ease, so did stock index volatility. All these results can help us realize the economic situation and stock market trends and formulate scientific investment decisions.

关键词： interaction macro-economic system stock market system dynamics

作者: Xiaoyan Wang Jianhua Zhang Xiaobo Huang

作者单位: Department of Foundation, Xuzhou Airforce College, Xuzhou 221000, China

会议类型: 国际会议

会议名称: The Tneth International Conference on Industrial Management(第十届工业管理国际会议 ICIM 2010)

会议地点: 北京

会议语种:英文

页码: 663-668

在线出版日期: 2010-09-16（万方平台首次上网日期，不代表论文的发表时间）