美国第二轮量化宽松货币政策的影响及中国对策

Impact of second US quantitative easing policy and China's countermeasures

美联储第二轮量化宽松货币政策预计对美国经济的刺激作用有限,并会对其他国家特别是新兴市场带来较严重的负面溢出效应。其中,美元泛滥可能引发较为严重的通货膨胀,并刺激贸易保护主义抬头。中国需要采取"堵疏结合、攻防有序"的手段,严格监控风险度高的短期流动资金,将长期资金流入有效疏导到金融短板加以利用,力保经济平稳较快发展。同时,应加强与国际社会的协作,对美国量化宽松政策形成一定的制约。

The Federal Reserve＇s second quantitative easing policy will only provide limited stimulus to the US economy, but would cause a strong spUlover effect for other countries, especially emerging markets. The huge US dollar outflow may result in high inflation and trade protectionism. China should take comprehensive countermeasures to strictly monitor high-risk short-term fund flow, guide long-term funds making up the financial shortages, and ensure smooth and rapid economic development. Meanwhile, it is necessary to cooperate with the international community to restrict the effects of the US＇s quantitative easing policy.