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中国货币政策与汇率政策的协调与替代 被引量:6

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摘要 汇率政策和货币政策都会影响产出水平,但是政策的效果、时滞各不相同。本文通过理论研究表明,在政府福利最大化目标下,汇率政策和通货膨胀政策的相互替代取决于政府福利函数对两种政策的敏感程度和产出对两种政策的弹性。我们对中国的经验研究表明,货币政策对产出短期波动的影响要比汇率政策的影响大,时滞也要短。
作者 范志勇
出处 《世界经济》 CSSCI 北大核心 2005年第7期37-42,共6页 The Journal of World Economy
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