The Analysis of Effect and Result on Conducting the Monetary Policy Transmission Mechanism from the Stock Price Fluctuations

摘要：

Implementation of monetary policy may lead to the changes of relative stock prices and affect the consuming and investment behaviors of participants in stock market. Continuous expansion of the scale at Chinese stock market not only puts pressure on price and economic stability, but also has an impact on choosing and conducting of monetary policy. The stock market which becomes an important channel of monetary policy transmission has played the increasingly prominent role of it. The Analysis of mechanism and efficiency on conducting the monetary policy from stock prices is of great significance for improving the adjustment of Chinese monetary policy.

关键词： stock prices monetary policy transmission efficiency

作者: ZHANG Jianbo RONG Shulin

作者单位: School of Business, Shandong University, Weihai, China, 264209

会议类型: 国际会议

会议名称: The 4th (2012) International Conference on Financial Risk and Corporate Finance Management(第四届(2012)金融风险与公司金融国际研讨会 FRCFM)

会议地点: 大连

会议语种:英文

页码: 545-550

在线出版日期: 2012-07-07（万方平台首次上网日期，不代表论文的发表时间）