Monetary Policy On China’s Economic Impact Theory And Empirical Analysis

Of the20th century from today, the international financial occurred many great changes in prices, interest rates and domestic entities such as a smooth all economic circumstances, many of the country but there are severe economic fluctuations. For example, in the1980s, the leading Japanese economy into a long-term the doldrums of the state of the reason for this is that the "bubble economy" burst. Ninety s the Asian financial crisis of, especially the2007crisis is because the experts to the United States as a representative of the western asset prices significant deviation from the real economy, which caused the global financial crisis, which eventually led to the global economic crisis. Delve further into the cause of these reasons, largely because of the financial market, especially the volatile asset prices. Therefore, economists and monetary authorities a change in the currency of the traditional theory and confined to the goods and services of the supply and demand of the monetary policy, to study and think about financial markets on monetary policy even between economic entity of the effect and influence. This make the asset price fluctuations and monetary policy in the current issue between not only become a significant theory research, but also a pressing problems. The stock market as the international monetary fund and the world bank in member countries to implement the "financial department evaluation planning" construction of one country financial robust index, was one of the main capital market attention object. As information technology constantly develop, the constantly and globalization of financial makes the capital markets developed more deepening, and the increasingly changes of financial systems also brings new challenge to currency policy. Our country’s economic situation also in with of occurs with changes. As the economic changes,to develop the corresponding of currency policy and to arrive the economic stability is a reality critical problem,Based on the judge which we will use different currency policy in all different stage, this article will select actual rates, currency supply volume and financial institutions of the payment balance as the currency policy object, and will select residents consumption price index(CPI), index (SZ), and exchange rate (ER) as our country’s economic research object, by using the method which is theory and empirical combination, and establishing VAR model to respectively research the problem, we will research the relationship of the currency and inflation, the relationship of the currency and assets price, the relationship of the currency and exchange, I think this research is not only a theory problem, more is a reality problem. By analyzing their relationship, it has more guiding significance on making monetary policy.