几种利率规则的比较及对中国的适用性研究

A Research on the Comparison of Several Interest Rate Rules and Their Applicability in China

随着互联网金融、金融创新的发展,货币供应量作为我国货币政策中介目标,已经很难适应作为货币政策的有效调控的手段。国外利率规则的实行已经近30年,而我国仍然实行货币供应量调控方式,对国民经济进行调节和引导。因此,应该从我国的现实情况出发,尽早采用合适的利率规则,降低经济的波动性,实现货币政策调控效果的持续性。

With the development of the internet finance and financial innovations, the money supply as the monetary policy intermediate target in China has been difficult to adapt itself as an effective way of monetary policy regulation and controlling. The foreign interest rate rules have been practiced for nearly 30 years, while the way of money supply control has still been employed in China to regulate and guide the national economy. Therefore, according to China's reality, the appropriate interest rate rules should be adopted as soon as possible to reduce the volatility of the economy and realize the sustainability of the effect of monetary policy regulation and controlling.