金融加速器理论

根据金融加速器理论，微小的外部冲击会造成大幅度的实体经济波动，且对小企业的影响比对大企业大。

According to the financial accelerator theory , even tiny external shocks can cause significant fluctuations in the real economy , with much more impacts on small enterprises than that on large ones .

按照金融加速器理论，经济中的微小冲击可能对宏观经济造成重大影响，以上风险若不能及时控制，可能引发金融危机甚至经济危机的发生。

In accordance with the financial accelerator theory , small economic impact may have a significant impact on the macroeconomy ; all the risks if not controlled in time , may lead to financial crisis and even economic crises .

BGG模型是Bernanke、Gertler和Gilchrist构建的动态新凯恩斯宏观经济模型，该模型基于金融加速器理论，以其普适性和对现实的高度解释力成为当今宏观经济学研究的基础框架之一。

The BGG model is a dynamic new Keynesian macroeconomic model constructed by Bernanke , Gertler and Gilchrist . Based on financial accelerator , the model has become one of the fundamental frameworks in current macroeconomic analysis since its generalization and powerful explanation to real society .

近十几年我国经济发展经历了周期性波动，因而进一步地，本文运用金融加速器理论研究货币政策在经济周期不同阶段对高科技上市公司投资的影响。

The GMM-estimation procedure proposed by Arellano and Bond ( the two-step difference method ) is used to study the effects of the monetary policy on the investment of the hi-tech listed companies through financial accelerator .