摘要
2011年12月举行的中共中央政治局会议定调2012年继续实行稳健的货币政策。理解稳健的货币政策,分析其实行效果已成为当务之急。归纳了稳健货币政策的演化史,分析了该货币政策的特征,并总结了其实行效果与面临的挑战。稳健货币政策的运行方式是逆向操作的相机抉择。该货币政策难以对CPI进行精确的控制,难以有效抑制经济过快发展。为提高货币政策的实施效果,央行应当增加基准利率调整频率,并减少对央行票据的依赖。
In December 2011, Member of the tone of the meeting, to be held in 2012 continues to implement a stable and sound monetary policies. Understanding sound monetary policies, analysis of their effects have become a matter of urgency. Summarized the evolution history of prudent monetary policy, analysis of the characteristic of the monetary policy, and summarizes their results and challenges. Prudent monetary policy operation mode is the reverse operation of camera of choice. The monetary policy difficuh to precise control of CPI, it is difficult to effectively inhibit economic development. To enhance the effect of monetary policy, the Central Bank should increase interest rates to adjust frequency and reduce their dependence on the Bills.
出处
《经济研究导刊》
2012年第8期107-109,共3页
Economic Research Guide
关键词
稳健货币政策
相机抉择
央行票据
基准利率
steady monetary policy
discretion：
central bank bills
benchmark interest rates
