欧洲中央银行货币政策传导机制研究及对我国的启示

A Study of Monetary Policy Transmission Mechanism of European Central Bank And Its Enlightenment

欧洲中央银行建立了货币传导研究系统对欧元区货币政策传导机制进行了深入、系统的研究,对货币政策总体效应、货币政策传导渠道、货币政策传导的国别和部门差异进行了计量分析,这些研究成果成为欧洲中央银行制定和评估货币政策的有力依据,也为我国中央银行深入研究货币政策传导机制,从而提高货币政策的有效性提供了若干有益的启示。

European Central Bank has established a monetary transmission research system for a deep, systematic study of monetary transmission mechanism in Euro zone, making quantitative analysis on the general effect of monetary policy, monetary policy transmission channels, and differences of monetary policy in different countries and in different sectors. Those research achievements have become powerful basis for the European Central Bank to formulate and assess monetary policies, and provided China＇s Central bank with certain constructive enlightenment for deepening the research of monetary policy transmission mechanism and raising the effectiveness of monetary policy.