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1、mechanismofmonetarypolicy.InthepartofthetheoryofInterestratetransmissionmechanismofmonetarypolicyareexpoundedtheinterestratetransmissionmechanismtheoryoftheWicksell,theinterestratetransmissionmechanismtheoryofKeynes,HicksandHansen'stheoryofthetransmissionmechanismofinterestrate,theinterestrat
2、etransmissionmechanismtheoryofTobintheory,andTaylor'sruleandhistheoryoftheinterestratetransmissionmechanismofmonetarypolicy.Thethirdchapterintroducesthestatusofourcountry’sinterestratetransmissionmechanismofmonetarypolicy.ItincludestheintroductionofChina'smonetarypolicytransmissionmechanisman
3、dtheconductionpathofthecontrolledinterestrateandmarketinterestrateofchina.CommentingthemonetarypolicytransmissionmechanisminChina,analyzingthesituationofthecontrolledinterestrateandmarketinterestratecoexistinchina,andthepresentstatusoftheinterestratetransmissionmechanismofmonetarypolicy.Thefo
4、urthchapterisaboutempiricallyanalyzingtheeffectivenessofinterestratetransmissionmechanismofmonetarypolicyinchina.Firstintroducestherelatedeconometrictheoryandeconometricmodel.Thenstatesvariablesselection,illustratesthedataandthedataprocessingandstabilitytest.Thispaperselectsvariableindexofmon
5、eysupply,interestrateindex,consumptionindex,investmentindex,yieldindexandpriceindex.Afterthat,byusingeconometricresearchmethodssuchasVAR,VECmodel,andco-integrationtest,GraingerGrangercausalitytest,impulseresponseanalysis,variancedecompositionanalysisandsoon,theempiricalanalysisarecarriedonfro
6、mthefollowingfiveaspects:theempiricalanalysisofmarketinterestrateconductionpathofmonetarypolicy,theempiricalanalysisofthecontrolledinterestrateconductionpathofmonetarypolicy,thecomparativestudyoftheconductioneffectivenessonmarketinterestrateandthecontrolledinterestrateaffectingconsumption,the
7、comparativestudyoftheconductioneffectivenessonmarketinterestrateandthecontrolledinterestrateaffectinginvestment,thecomparativestudyoftheconductioneffectivenessonmarketinterestrateandthecontrolledinterestrateaffectingtotaloutputandprice.Thisis