The two bits of factors of driving the two curves in McNamara framework- are relatively independent. Therefore, the process of the monetization couldn't generate a single controllable variable just as interest rate.
推进麦氏框架中两条曲线右移的两方面因素是相对独立的,因此我国的货币化演进历程难以内生出一个类似利率的单一可控变量。
参考来源 - 论中国畸高货币化问题·2,447,543篇论文数据,部分数据来源于NoteExpress
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