摘要
全球金融危机已使全球经济陷入衰退,为应对危机各国央行不断降息。随着短期利率接近零,美、日、英等主要国家的央行转而求助于"量化宽松货币政策",即通过购买长期国债等方式向经济注入巨量的流动性。全球大规模采取量化宽松政策在历史上尚属首次,对世界经济和中国经济都将产生难以估量的影响,对此有必要进行深入的分析。为此,在对量化宽松政策理论基础进行分析的基础上,进一步研究了日本量化宽松政策实践的经验与教训,以及当前量化宽松政策对全球经济的的影响。
Collective global financial crisis has dragged global economy into recession. As response, central banks continuously cut interest rates. With the short-term interest rates close to zero, the central banks of United States,Japan,United Kingdom and other major countries resorted to ＂quantitative easing monetary policy＂, that is, to inject into the economy massive liquidity through the purchase of bonds, etc.. It＇s the first time in history for global large-scale quantitative easing policy to be taken. It will have considerably impact on the world economy and China＇s economy. Therefore there is a need to conduct in-depth analysis. For this reason, on the theoretical basis of quantitative easing, the article analyzes Japan＇s case and the influence of current policy on global economy.
出处
《上海金融》
CSSCI
北大核心
2009年第7期37-40,共4页
Shanghai Finance
关键词
量化宽松
金融危机
流动性陷阱
零利率
Quantitative Easing
Financial Crisis
Liquidity Trap
Zero Interest Rate
