摘要
中央银行采取了八次降低利息率的货币政策,来减少储蓄、增加投资,最终达到扩大内需以扭转目前宏观通货紧缩的局面。但是事与愿违,八次降低利息率,不但没有达到预期的目的,反而出现了居民储蓄额不断攀升的现象。本文通过分析储蓄、投资和储蓄向投资转化的机制,试图解释分析目前央行采取的降息的货币政策无效的原由。
The article is based on the fact, centrial bank continually decreases interest-rate 8 times, however, the monetary policy dosen's work well. Under the conditon of analysis of transmission institution of saving-investment, this article tries to find the existing causes of the problem.
出处
《哈尔滨商业大学学报（社会科学版）》
2003年第5期22-23,124,共3页
Journal of Harbin University of Commerce:Social Science Edition
