By detrending the time series and using the GARCH model with asymmetry, we find out in China that tight monetary policy slow the economy in the boom more than easy monetary policy accelerates the economy in the recession.
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- 文章利用描述實(shí)際GDP增長(cháng)率波動(dòng)成分的各種GARCH模型檢驗發(fā)現；在我國經(jīng)濟運行當中；緊縮性貨幣政策對于經(jīng)濟的減速作用大于擴張性貨幣政策對于經(jīng)濟的加速作用.
