Empirical Research On The Relation Of Money & Financial System And Economic Output

Macroeconomics main purpose is to understand as fully as possible theeconomic operation of the system, the economic response way to specificeconomic policies, and the various external shocks, from both the demand andsupply, which can cause economic instability,. Research methodology can begenerally summarized as theory, paradigm and research programme ortradition. A mature theory Schools has Hard core, Positive heuristic, Protectivebelt of auxiliary hypotheses. The main research of this paper is the money,financial system and economic fluctuations. Each of them is an importantresearch item and of great significance, especially for financial reform ofChina. For example: whether has money impact on output? How much, if has?What kind of financial system is more conducive to economic growth andcontrol risks? what is the best financial system for China? How to descript thequantitive relationship of China's economic and financial market volatility, andthe degree and size of the fluctuations shocks? The answer to these issues is ofdistinct benefit to financial reform of China, so is to the research of thedeveloping countries and countries in transition economy.So far, the views, of national economists, on the choice of financial systemhave not been unified. Main argument is the choice of the "bank-dominating"or "market-dominating" financial system. The study way of this paper is thatmainly from perspective of the "money -- output", "Bank and the stock market-- output growth" and "banks and the stock market -- output volatility", buildthe empirical testing model on the past statistical data of China, and make theconclusions, suggestion and reasonable explanations through the analysis ofthe results. The structure of this paper is as follows:PartⅠ, make research on the relationship of money and economic output.Discuss the basis problems on the money research and money theories. Make...