摘要
中国人民银行从１９９６年以来连续六次降低人民币存贷款利率，降息的一个重要原因是实际利率率与其它国家相比过高。而所谓的“实际利率”就是现行的名义利率与当时的物价指数之差。这种关于“实际利率”的测算方法尽管目前已被广泛接受，但实际上是错误的。本文从利率的...
Abstract
Since 1996,the People′s Bank of China has lowered interest rate on loans and deposits for six
times due to higher real interest rate in China than that of other countries. Real interest rate in
wrongly referred to a spread between the current nominal interest rate and the price index at the
correspondent period,which has been widely introduced to calculate the real interest rate by
mistake. This article gives a definition of interest rate and a reasonable method to calculating
real interest rate by discussing the relationship between interest rate and inflation rate. The
article points out that interest rate should be calculated on the basis of accurate forecast about
price change. Under the current circumstances,real interest rate is not too high to be lowered
again in China.
出处
《金融研究》
CSSCI
北大核心
1999年第6期68-71,共4页
Journal of Financial Research
