摘要
本文的目的在于以“AD AS 货币政策机制”模型 ,探讨不同货币政策机制在经济行为主体具备理性预期情况下的宏观经济后果 ,为货币政策选择提供理论依据。主要分析工具是一阶差分方程和McCallum模拟假定方法 (Conjecture)。
This paper targets on the comparative advantages between two current popular monetary policies,the monetary supply rule and the interest rate rule,and the choice criteria between policy rules.Two major parts consist of this paper.Firstly,monetary policy rules are analyzed and compared.Secondly,two distinct intermediate targets,price target and nominal income target,are introduced as theoretical examples to show the so-called Taylor Criteria(minimal variance).
出处
《金融研究》
CSSCI
北大核心
2000年第10期29-37,共9页
Journal of Financial Research
