Money Supply and Economic Fluctuation
This thesis researches the relationship among money supply,money output,and price fluctuation ,basing on the enterprise motivation model,by using statistics of China from 1985 to 2008. Empirical study find the following results: If Chinas money supply stock follow i.i.d ( independent identically distributed ),the inflation rate and output volatility will be random; when Chinas economic grows rapidly it must be accompanied by great money supply shocks in a long term which will make inflation rate go even higher. This means to fundamentally avoid the high inflation rate when money supply shocks makes the output a upswing,it will be little returns if only use money policy. Chinas decision maker should pay more attention on improve workforce flexibility in order to maintain the sustained,rapid and steady development of the national economy.
enterprise motivation money supply,output price economic fluctuation
WEI Jingqiang HAN Chunjuan
School of Finance,Renmin University of China,Beijing 100872 School of Law,Renmin University of China,Beijing 100872
国际会议
大连
英文
439-444
2011-06-30（万方平台首次上网日期，不代表论文的发表时间）