The impact to GDP, GIP and GOP also has long-term positive influence which produced by M1, the function time lags is 6 quarters, 4 quarters and 6 quarters. But the influence to GAP and P is quite complex.

• M1的冲击对GDP、GIP和GOP同样具有长期正向影响,作用时滞分别为6个季度、4个季度和6个季度,对GAP和P影响则比较复杂。