期刊文献+

英国数量宽松货币政策的实践和效果分析

在线阅读 下载PDF
导出
摘要 本文对英国实施数量宽松货币政策的背景和过程进行了介绍,并对其影响经济的渠道和作用效果进行了分析。文章指出资产组合平衡效应是英国QE影响经济的主要渠道。总的来说,第一轮量化宽松的货币政策对经济的提振效果较为显著,对真实G DP的拉动效应最高可以达到1.5%-2%,然而它对经济体的影响并不均衡,会增加贫富收入差距。第二轮量化宽松政策的效果不明显。
作者 王书琪
出处 《商业时代》 北大核心 2013年第15期70-72,共3页 Commercial
  • 相关文献

参考文献8

  • 1Joyce, M, Tong, M and Woods, R. The United Kingdom's quantitative easing policy: design, operation and impact.Bank of England Quarterly Bulletin, Vol. 51, No. 3,2011.
  • 2Michael Joyce, David Miles, Andrew Scott and Dimitri Vayanos,J.Quantitative eas- ing and unconventional monetary policy an introduction.Economic Journal, vo1.122(11), 2012.
  • 3Benford, J Berry, S, Nikolov, K and Young, C.Quantitative easing.Bank of En- gland Quarterly Bulletin, Vol. 49, No. 2, 2009.
  • 4George Kapetanios, Haroon Mumtaz, Ibrahim Stevens and Konstantinos Theodoridis, C.Assessing the economy-wide effects of quantitative easing.Bank of England working paper,2012.
  • 5Joyce, M.A.S. and Tong, M.QE and the gilt market: a disaggregated analysis. Eco- nomic lournal, vol. 122(564),2012.
  • 6万志宏,曾刚.量化宽松货币政策的实践--以日本为例[J].国际金融研究,2011(4):10-17. 被引量:27
  • 7王亮亮,李明星,苗永旺.非常规货币政策:理论、实践、效果与退出机制[J].上海经济研究,2010,22(5):32-41. 被引量:10
  • 8陈听雨.英国央行:需扩大量化宽松规模[N].中国证券报,2012-9-20.

二级参考文献21

  • 1Auerbach, A. J., and M. Obstfeld. The Case for Open-Market Purchases in a Liquidity Trap [J]. The AmericanEconomic Review, 2005 (1) :110-137.
  • 2Baba, N., M. Nakashima, Y. Shigemi, and K. Ueda . The Bank of Japan's Monetary Policy and Bank Risk Premiums inthe Money Market [R] . CARF Working Paper, 2005-034.
  • 3Baba, N., S. Nishioka, N. Oda, M. Shirakawa, K. Ueda, and H. Ugai. Japan's Deflation, Problems in the Financialv System, and Monetary Policy [R]. BIS Working Papers 188. Basel: Bank for International Settlements, 2005.
  • 4Bernanke, B. and V. R. Reinhart. Conducting Monetary Policy at Very Low Short-Term Interest Rates [J]. TheAmerican Economic Review, 2004 (2) : 85-90.
  • 5Bernanke, B., V. R. Reinhart, and B. P. Sack. Monetary Policy at the Zero Bound: An Empirical Assessment[J].Brookings Papers on Economic Activity, 2004 (2) : 2-100.
  • 6Eggertsson, G. B., and M. Woodford. The Zero Bound on Interest Rates and Optimal Monetary Policy [J] . BrookingsPapers on Economic Activity, 2003 (1) : 139-233.
  • 7Fujiki, H., K. Okina, and" S. Shiratsuka.. Monetary Policy under Zero Interest Rate: Viewpoints of Central BankEconomists [R] . Bank of Japan Monetary and Economic Studies, 2001 (2) : 89-130.
  • 8Fujiki, H., and S. Shiratsuka. Policy Duration Effect Under the Zero Interest Rate Policy in 1999-2000: Evidencefrom Japan's Money Market Data [R]. Bank of Japan Monetary and Economic Studies, 2002 (1) : 1-31.
  • 9Fujiwara, I., N. Hara, N. Hirakata, S. Watanabe, and K. Yoshimura. Monetary Policy in a Liquidity Trap: WhatHave We Learned, and to What End?[J]. International Finance, 2005 (8) : 471-508.
  • 10Goodfriend, M. Overcoming the Zero Bound on Interest Rate Policy[J]. Journal of Money, Credit and Banking, 2000(2) : 1007-1035.

共引文献35

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部