摘要
2010年11月3日,美联储宣布推出第二轮量化宽松货币政策(QE2),意在振兴经济,防止衰退,减少美国经济复苏过程中的不确定性。通过对2008～2010年美国各项经济数据发现,量化宽松货币政策在增加消费、提高就业、刺激经济复苏方面作用并不明显,实际政策效果与理论中的描述并不相符。根据此前分析结果以及第二轮量化宽松政策的特点,可以认为美国此次量化宽松货币政策不仅无法实现既定政策目标,还会引发新一轮的货币贬值浪潮,对全球经济复苏造成挑战。
The Fed announced the start of the second round of the quantitative easing monetary policy（QE2）,and intended to revitalize the economy,prevent recession and reduce the uncertainty of the recovery of the U.S.economy in NOV.3rd 2010.This paper analyzed the U.S.economic data between 2008 and 2009,and then found the quantitative easing monetary policy is not notably effective in increasing the consumption,improving the employment and stimulating economic recovery.The actual effect of this policy doesn＇t match to the theory.Based on the previous research results and the characteristic of the new round of the quantitative easing policy,the paper insisted that the second round of the quantitative easing policy could not achieve its policy objectives.It will trigger a new round of devaluation of the currencies,and set the new challenge to the recovery of the global economy.
出处
《现代财经（天津财经大学学报）》
CSSCI
北大核心
2011年第1期3-8,共6页
Modern Finance and Economics：Journal of Tianjin University of Finance and Economics
关键词
量化宽松货币政策
实体经济
零利率
Quantitative Easing Monetary Policy
Real Economy
Zero Interest Rate
