If we think about the change of the economic mechanism , the development of the relationship goes through three stages . in the three stages , reason and result are unfixed . the differences of the controlling of money supply and the forming of the principal and the development can express the reason 考虑到制度变化的影响，本文将这48年分为计划经济时期、有计划的商品经济时期和加速市场化时期三个阶段，对每一时期经济增长和货币供应的因果关系重新进行了相关分析和回归验证，得出了阶段性因果关系的结论。
