Recent Currency Credit Policy Practice in China and Present Policy Orientation——Bernanke and Blinder’s CC-LM Model in China at Present Under Condition Serviceability
Abstract： The hypothesized precondition of currency neutral bank loan and the central bank influencing loan supplied through the reserve fund opreation implied in Bernanke and Blinder’s CC-LM Pattern does not adapt to the objective reality in china at present.After the research of currency credit policy practice in china in recent years and their transition mechanism and effect exploiting improved CC-LM pattern on the basis of reality in china,it is found that too hot investment in the past years in china is the result from the credit fund out of controling.Therefore,in order to curb too hot investment at present in the monetary policy orientation,the central bank should adopt the steady monetary policy and control credit growing excessively.
白云涛 陈建付. 我国近年来货币信贷政策实践及其取向——伯南克和布林德CC-LM模型在我国目前条件下的适用性[J]. 南昌大学学报(人文社会科学版), 2007, 38(04): 58-62.
BAI Yun-tao,CHEN Jian-fu. Recent Currency Credit Policy Practice in China and Present Policy Orientation——Bernanke and Blinder’s CC-LM Model in China at Present Under Condition Serviceability. , 2007, 38(04): 58-62.
2007, Vol. 38 
