The Study Of The Interest Rate Transmission Mechanism Of Monetary Policy In China

The interest rate transmission mechanism of monetary policy is the core of the study of monetary policy transmission mechanis, and also the most complicated subject in the real manipulation. This thesis is to study the interest rate transmission mechanism of monetary policy in China after 1996, having the "deflation" as the macroeconomic background. In this thesis, the writer uses the achievements of former studies for reference, and gives her own viewpoints by constructing a proper structure to analyze the subject. After analyzing all possible economic reasons that restrict the policy transmission through interest rate, the thesis finally puts forward some practical proposal to perfect the interest rate transmission mechanism in China.There are totally four parts in the thesis. Firstly, the brief introduction of the theory7 of interest rate transmission mechanism, including schools of Sweden and Keynes. Secondly, the demonstrative study of the interest rate transmission mechanism in china, improving the active role of the mechanism in stimulating the consumption and investments after 1996. Thirdly, the analysis of the hindering factors that restrict the role of the mechanism. And fourthly, the outlet to perfect the interest rate transmission mechanism in China.