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摘要: |
本文实证分析表明我国国债发行的货币供给效应巨大;同时本文还从理论角度解出了国债发行规模的最优货币效应条件,分析了由不同对象购买国债对各层次货币的影响,以及国债发行时机选择对货币供应量时间结构的影响,相应提出了财政政策与货币政策的协调配合对策,以更好地实现政府的宏观调控. |
关键词: 货币供给效应 最优公债 发行对象 发行时机 |
DOI: |
分类号:F810.5[著者标引] |
基金项目: |
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Analysis of the effect of China''''s issuance of national debt on monetary supply |
TANG Feng-lin
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Abstract: |
The empirical analysis in this paper indicates that the effect of Chinas national debt on monetary supply is huge. At the same time, this paper puts forward the theoretical condition of optimal issuance scale of national debt, analyses the effects on all levels of monetary supply when the new issued national bonds were purchased, analyses the effects of the time of the issuance of ithe national debt on time structure of monetary supply, and presents that the coordination countermeasures between financial policy and monetary policy to better realize macro--adjustment of the government. |
Key words: effects of monetary supply optimal scale of government debt purchaser time of issuance |