This paper studies the core is in the process of our practice of the effectiveness of intermediate target for monetary policy analysis, focus on this subject, this paper, from theory to practice according to the logic of from history to now is elaborated, namely gmac main theories about from the intermediate target for monetary policy debate from history to China and now the choice of intermediate target for monetary policy. Mainly through 1996 during 2009 in monetary supply for the effectiveness of intermediate target is analyzed, and the reasons of causing effectiveness abate for future narrative, finally short-term money supply in China continue to give some Suggestions for intermediary goal.
In the present with the money supply in the effectiveness of intermediate target for our analysis, the conclusion: money supply has good testability, but controllability and correlation, and with poor economic and financial development, its effectiveness will gradually abate, but generally in no better choice case, money supply for intermediary goal or optimal choice

翻译看附件。感觉比上面翻译的好。上面的好像有点像用词霸翻译的，很多句子之间没有连接。

3# thompson


感觉你的翻译也不是很好