金融资产价格波动的宏观因素实证分析

金融资产价格波动一直是国内外学者关注的热点问题,本文在对影响金融资产价格波动宏观因素进行理论分析的基础上,建立股指波动与经济增长、物价水平、货币供应量、利率水平、国际收支之间的动态拟合模型。通过实证分析,提出可持续的经济增长,稳定的汇率政策,适宜的货币政策,完善的监管制度是避免金融资产价格不正常波动的有效措施。

An Empirical Analysis On the Macro Factors Affecting Fluctuation of Financial Assets Price

The fluctuation of financial assets price has been a hot issue of concern to domestic and foreign scholars.On the basis of theoretical analysis on the macro economic factors that affect the fluctuation of financial assets price,this article sets up the dynamic fitted model among stock index fluctuation and economic growth,price levels,money supply,interest rates,balance of payments.With the empirical analysis,the writer holds that keeping a sustainable economic growth,maintaining a stable exchange rate poli...