摘要
金融创新改变了货币需求的稳定性和货币供给的可控性,直接影响了货币供应量这一政策中介目标的效果。从短期来看,由于我国目前金融创新层次较低,货币政策中介目标还可继续沿用货币供应量;从长远来看,金融创新的日益丰富势必影响该中介指标的可用性,因此必然要寻求其他更具适应性的中介指标,对货币政策予以调整。发展方向宜将中介目标和最终目标合而为一,转向通货膨胀定标。
Financial Innovation changes the stability of money demand and the controllability of money supply, and also directly impacts the effect of the intermediate goal of money supply. In the short term, for the level of financial innovation is very low currently, money policy intermediate goal of money supply can still be used, and in the long term, financial innovation will certainly impact this intermediate indicator. Therefore,other more adaptable intermediate indicators should be found to adjust monetary policies. The indicator will switch to inflation.
出处
《贵州工业大学学报（社会科学版）》
2007年第3期29-32,共4页
Journal of Guizhou University of Technology(Social Science Edition)
基金
仰恩大学校级课题"当代金融创新对货币政策影响"YEU2006(A034)
关键词
货币供应量
利率
通货膨胀定标
money supply
interest rates
inflation indicator
