通过构建VAr模型,运用脉冲响应图,对我国货币政策工具效应进行综合分析,基本结论是:我国货币政策效应在长期与短期有不同的特征,在短期内要有效控制通货膨胀,利率和再贴现率是更为有效的工具。同时,货币供应量与货币政策工具效应存在互为影响的关系。A VAR model and impulse function are presented in this paper to analyze the effect of monetary policy instruments in China and the results suggest that monetary policies show different characteristics in the short-term and long-term.Interest rate and rediscount rate are two effective tools to control inflation in the short-term.In addition,the effect of monetary policy instruments is associated with money supply
