Number Of Effects Of Monetary Policy Transmission Mechanism Of Stock Market Analysis

1. The purpose of this paperThis article sets the transmission mechanism of monetary policy through China's stock market as the research object, inspecting Central Bank's monetary policy influence stock market price through the monetary market, then affects the substantial economy through the stock market. Based on it, analyzing the reason why the monetary policy is not unobstructed through the stock market of our country. And then give some advices for improving the monetary policy of our country through stock market and promoting the validity of monetary policy.After rapid developing in the past ten years, the stock market becomes an important part in macro-economy, along with stock market day after day's development, it is also becoming prominent in the transmission mechanism of monetary policy. With the standard and development of stock market gradually, the transmission mechanism of monetary through stock market is more and more becoming a not-to -neglected question. The stock market becomes another important way to transmit monetary policy of our country besides the commercial bank. But there were lots of Emphasis on the bank system as the transmission medium in the past time. The academic circles and the central bank take insufficient emphasis on the stock market as the intermediary of transmission mechanism, thus affects the implementing validity of monetary policy.Although there are lots of papers and monographs making researches on the relationship between monetary policy and stock market, most of them are qualitative. And some papers appeared evaluating the transmission mechanism of monetary policy through stock market, but few of them adopt the modeling idea of system, thinking in the whole and paying attention to the details.Such, I choose the transmission mechanism of monetary policy through China's stock market as the research object, The purpose of this research is to review the last 10 years circulates status of monetary policy of china through stock market and emphasize the quantitative...