超额货币供给是经济发展中的一种特有现象,这种现象的长期存在会造成潜在的通胀压力,加大政府调控难度。伴随我国金融市场不断发展,货币政策对资产价格的影响越来越大。如何才能找到二者之间相互影响的平衡点是学术界一直研究的问题。 Excess money supply is a peculiar phenomenon in economic development. The long-term existence of this phenomenon will cause potential inflationary pressure and increase the difficulty of government regulation. With the continuous development of China’s financial market, the impact of monetary policy on asset prices is getting bigger and bigger. How to find the balance between the two is the academic field has been studying the issue.