The effectiveness of China's structural monetary policy
-The theory and empirical research based on the marginal effect of financial accelerator
January 15, 2024 14:34 Source: China Social Sciences Magazine Author: Zhan Minghua

  Bet365 lotto review Traditional theories with developed countries as research objects do not support monetary policy for structural regulation,I think the structural problem is automatically adjusted by the price signal,No external policy intervention is required。The Chinese market system is still perfect,Differential risks of large and small enterprises have differences in risks of risks.。Asymmetric perspective based on the marginal effect of financial accelerator,Build a theoretical model containing the characteristics of heterogeneous enterprises,Data from macro and micro -listed companies for empirical studies found that the differences between the marginal effects of the financial accelerator to large and small enterprises will cause further distortion of the economic structure and worsen the bank's balance sheet,Structural monetary policy through risk subsidies can correct this structural distortion and improve the quality of the bank's balance sheet,so as to adjust the structure,Dual goals that achieve growth and weaken systemic risks。

  Keywords:Dual goals of the marginal effect of financial accelerators The structural monetary policy

  AuthorZhan Minghua,Professor of Financial College of Financial University of Guangdong University of Foreign Studies; Li Shuai,Lecturer at the School of Finance, University of Foreign Trade, Guangdong; Wu Zhouheng,Associate Professor of the School of Finance, University of Foreign Trade, Guangdong。(Guangzhou 510006)

Editor in charge: Zhang Jing
QR code icon 2.jpg
Key recommendation
The latest article
Graphics
bet365 live casino games

Friendship link:

Website filing number: Jinggong.com An Bei 11010502030146 Ministry of Industry and Information Technology:

All rights reserved by China Social Sciences Magazine shall not be reprinted and used without permission

General Editor Email: zzszbj@126.com This website bet365 Play online games contact information: 010-85886809 Address: Building 11-12, Building 1, Building 1, No. 15, Guanghua Road, Chaoyang District, Beijing: 100026