Based on modern monetary theory and disequilibrium market principal,the paper analyze China’s money demand and money supply. In this paper,we builld the disequilibrium model of money demand and money supply, and the long term price adjustment function under monetary policy.The effect of national income, price and interest rate on money demand is estimated and explained. We point out that monetary policy will take effect in a long time in the inflation control.
Wang Xuekun
, Deng Shuhui . , {{custom_author.name_en}}.
Analysis of China’s Money Demand and Money Supply in Disequilibrium Theory. Systems Engineering - Theory & Practice, 1997, 17(9): 10-15 https://doi.org/10.12011/1000-6788(1997)9-10