外生货币

纯外生货币经济中由于央行控制货币量的能力较强，因而紧缩的货币政策效果显著；

In the pure exogenous money economy , the Central Bank has a comparatively strong capacity of controlling the amount of money , therefore , the monetary policy of deflation is highly efficient .

实证检验的结果显示国际油价冲击会导致产出的下降和物价的上升，通过与外生货币政策下油价冲击的结果对比我们认为是紧缩性的货币政策导致了这一结果。

The empirical results show that the international oil price shocks can lead to output decline and prices rise , comparing with the result of oil prices shock under the hypothesis of exogenous monetary policy , we found the tighten monetary policy is the main reasons of sluggish .

房价波动对货币供求的冲击对基于货币需求稳定，货币供给外生的货币供应量中介目标有效性带来影响，加大货币政策调控的难度。

Such impact can influence the validity of monetary intermediate target of monetary supply based on the stable money supply and demand and exogenous money supply , and enlarge the difficulty of the monetary policy regulatory .

外生与内生货币供给理论研究述评

Review of the Exogenous and Endogenous Money Supply Theoretical Research

货币内生与外生的争论是货币金融理论中的核心话题。

Debate on endogenous currency and exogenous currency is a core topic in monetary and financial theory .

所谓外生性是指货币供给是一个外生变量，可以完全由中央银行独立决定。

So-called " monetary exogeneity " means that the money supply is an exogenous variable in economic operation , which is determined by central bank solely .

本文在述评外生与内生货币供给理论研究的基础上指出：我国的货币供给不但具有一定的外生性，而且内生性的特点也日益明显。

This text is on the basis of the review of the exogenous and endogenous money supply theoretical research , point out : The money supply of our country is not only exogenous , but also is endogenous obviously day by day .