Macro-Economic Impact

This paper makes an analysis of the multiple magnification effect of the initial impact on macro economic variables on the premise of fast capital flow.

本文分析了在资本高度流动的前提下，初始冲击对宏观经济变量有多倍的放大效应。

It means that the market did not absorb the impact brought by macro economic variables rapidly. Our country's bond exchange market is not a mature and effective market.

这表明市场并没有完全吸收宏观经济带来的冲击，我国国债市场还不是一个成熟有效的市场。

Our study indicates that the impact of interest rate adjustment upon output, prices and other macro-economic variables is not direct or obvious, but that they have different lag effects.

研究表明：利率调整对于产量、物价等宏观经济变量的影响并不直接和明显，存在不同的时滞效应。