中国利率波动性对失业影响的研究

经济理论与经济管理 ›› 2009, Vol. ›› Issue (3): 12-19.

中国利率波动性对失业影响的研究

易定红, 白九梅

中国人民大学劳动人事学院, 北京, 100872

收稿日期:2009-02-12 出版日期:2009-03-16 发布日期:2012-03-01

A STUDY ON THE IMPACT OF CHINA'S INTEREST RATE VARIABILITY ON ITS UNEMPLOYMENT

YI Ding-hong, BAI Jiu-mei

School of Labor and Human Resources, Renmin University of China, Beijing 100872, China

Received:2009-02-12 Online:2009-03-16 Published:2012-03-01

摘要/Abstract

摘要： 利率波动性是衡量利率变动整体效果的指标,从实证角度搞清楚利率波动性对失业的影响,并比较利率波动性和利率水平对失业影响的大小程度,对于货币政策调控宏观经济具有重要意义。我国利率波动性对失业的影响是反向的,并且存在一个时滞效应,只有滞后两期的利率波动性才会显著地对当期失业产生影响,这一影响要大于当期利率水平对失业的影响。利率波动性可作为我国货币政策监控的一个重要指标。

关键词: 利率波动性, 利率, 失业

Abstract: Interest rate variability measures variations in interest rates.Empirically studying the impact of interest rate variability on unemployment and comparing the magnitudes of the impacts of interest rate variability and interest rate changes on unemployment have important implications for China's monetary policy coordination.This paper finds that the interest rate variability in China had a negative and time lagging effect on its unemployment,with current unemployment only being effected by the interest rate variability lagged by two periods,and the time lagging effect was greater than the effect of current interest rate on its unemployment.Therefore,interest rate variability should be an important indicator for China's monetary policy monitoring macro-economy.

Key words: interest rate variability, interest rate, unemployment

中图分类号:

F821.0

易定红, 白九梅. 中国利率波动性对失业影响的研究[J]. 经济理论与经济管理, 2009, (3): 12-19.

YI Ding-hong, BAI Jiu-mei. A STUDY ON THE IMPACT OF CHINA'S INTEREST RATE VARIABILITY ON ITS UNEMPLOYMENT[J]. Economic Theory and Business Management, 2009, (3): 12-19.

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