货币政策应对资产价格波动的难点及对策思考

Analysis on Difficulties and Countermeasures of the Reflection upon Asset Price Volatility By Monetary Policy

资本市场的发展对货币政策的传导机制产生了重大的影响,这种影响对货币政策的最终目标提出了新的挑战,并成为货币政策操作中的一个难题。因此,货币政策在实施过程中要考虑资本市场的反应并有必要监控资产价格的变动情况。同时,货币政策理论需要对这些新的领域加强研究。

The development of capital market has a great affect on conduction mechanism of monetary policy. The affect makes a great challenge to the final object of monetary policy and puts forward a difficult question for the monetary execution. So the monetary policy should consider the reflection of capital market and also should supervise the movement in asset prices. The more research should be done on monetary policy theory.