摘要
在当前我国货币政策效果不甚理想、货币政策操作目标以调控货币量为主的前提下,研究我国货币政策的有效性与货币供给的内生性关系具重要理论和现实意义。笔者依据货币供给的一般模型,找出了影响我国货币供给特性的因素,认为中国货币供给具内生性,在货币供给内生性条件下,提高货币政策的有效性应从增加汇率弹性、增强货币政策和财政政策的协调力度、适时选择控制通货膨胀率作为货币政策锚等方面入手。
Under the conditions that the effect of monetary policy is not ideal and the aim of monetary policy operation is mainly to regulate currency amount, the research into the relationship between the effectiveness of the monetary policy of our country and the endogenesis of monetary supply is of great theoretical and practical significance. According to the general money supply model, the aothor finds the factors influencing the characteristics of the monetary supply of our country, holds that China＇ s money supply has the character of endogenesis. On the condition of monetary supply endogenesis, to improve the effectiveness of monetary policy, the exchange rate elasticity should be increased, the coordination of monetary policy and fiscal policy should be reinforced, and inflation rate should be selected appropriately as monetary policy anchor.
出处
《经济经纬》
CSSCI
北大核心
2009年第4期17-20,共4页
Economic Survey
关键词
货币供给
内生性
货币政策
monetary supply
endogenesis
monetary policy
