股市跟债市的有关性了解.pdfVIP

股 市 与 债 市 的 相 关 性 分 析 张雪莹 [摘要] 股票与债券相关系数的变化对资产配置的决策具有重要的影响。本文从 通货膨胀率、经济周期和货币政策等方面探讨我国股市与债市相关系数的变化及 影响因素，为机构投资者进行资产配置的实践提供理论支持。 [关键词] 相关系数 经济周期 通货膨胀率 资产配置 [英文题目] An Analysis On the Correlation between Bond and Stock [Abstract] The change of the correlation between bond and stock has great impact on the decision of asset allocation. We try to explain the variation of bond and stock correlation by their common exposure to macroeconomic factors, such as inflation rate,