Abstract
The actual operation in monetary policy of China is usually indicated as discretion, which affects the stability of Chinese macro-economy, this paper uses DSEG model to study the supply effectiveness problem of Chinese monetary. The study shows that the middle transmission channel from adjustment in monetary supply to change in interest rate of market, the circulation effect produced by monetary policy and interest rate is weak, which influences the adjustment effect of monetary supply. So that it provides new measurement basis on the ineffective macro-economy effect of Chinese monetary supply.
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