货币供给的外生性与内生性一直是理论界争论的焦点之一。
That money supply is exogenous or endogenous has been one of the focuses that the theory circle has disputed all the time.
我国目前的货币供给虽然有一定程度的内生性因素，然而仍然具有相当程度的外生性因素。
At present in our country, although money supply has some endogenous factor, however it has quite exogenous factor.
在向量自回归模型基础上，通过格兰杰因果检验对我国货币供给的内生性或外生性作了实证检验。
This paper, based on Granger causality test in a vector autoregressive process, empirically analyzed the money supply in China.
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