An empirical research on stock market and monetary policy in China:the analysis based on VAR model

@inproceedings{Shigui2011AnER,
  title={An empirical research on stock market and monetary policy in China:the analysis based on VAR model},
  author={Tao Shi-gui},
  year={2011}
}
The empirical analysis has been done on the relationship between the Chinese stock market index and the monetary policy using the vector auto-regressive(VAR) analysis method.Research has found that stock price index has a significant impact on interest rates and money supply M0 and M1,however,the effect of monetary policy on stock index is very limited.China still doesn't have the ability to adjust stock price index by using monetary policy at present,but we can cultivate the ability of… CONTINUE READING

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