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货币政策操作规则的理论综述以及对我国的借鉴意义 被引量:1

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摘要 要有效实现货币政策的最终目标,是采取相机抉择,还是采取规则操作执行货币政策?理论界和实业界难以达成一致的观点。赞成货币政策规则的一个基本原因在于这有助于消除随意性所带来的时间不一致性(time inconsistent),最新的理论发展和实践表明,货币政策有可能寻求一定的规则进行操作,以避免随意性所带来的后果。
作者 张宪伟
出处 《经济研究导刊》 2009年第2期55-56,共2页 Economic Research Guide
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  • 1谢多.管理浮动汇率制下的货币供给和货币政策工具协调[J].金融研究,1996(8):14-17. 被引量:8
  • 2这一点和中国1997年以来的利率政策相反,但二者本质上都是要维持独立的货币政策.
  • 3Aghevli, Bijian B., 1996, "Controlling Inflation: A Principal Policy Challenge for China," in Inflation and Growth in China, ed. by Manuel Guitian and Robert Mundell (Washington: International Monetary Fund).
  • 4Dooley, Michael, D. Mathieson, and L. Rojas-Suarez, 1997,"Capital Mobility and Exchange Market Intervention in Developing Countries," NBER Working Paper 6247.
  • 5Edwards, Sebastian, 1999, How Effective are Capital Control?Unpublished Paper.
  • 6Laurens Bernard, 1997, Relationship between Foreign Exchange Rate Policy and Operations and Economic Objectives, prepared for a seminar on Foreign Exchange Market Development held in Hangzhou, China, Nov.3 - 6, 1997.
  • 7Mishkin, Frederic S., 1999, International Experiences with Different Monetary Policy Regime, NBER Working Paper 7044.
  • 8Montiel, Peter, 1994, "Capital Mobility in Developing Countries:Some Measurement Issues and Empirical Estimates," World Bank Economic Review, 8, 3.
  • 9Krugman, P., 1999, "The Return of Depression Economics," Foreign Affairs.
  • 10数据来自《中国外汇管理年报1998》.

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