摘要
资产价格与货币政策的关系是最近几十年货币经济学界和中央银行十分关注的热点问题之一。各国学者对此从不同角度进行了广泛的理论与实证研究,本文主要从货币政策干预资产价格的时机、资产价格在货币政策调控中的信息功能、是否将资产价格纳入货币政策框架、货币政策如何应对由资产价格泡沫引发的金融不稳定等四个方面对相关研究成果进行了梳理和归纳。
For economists and monetary authorities,the relationship between monetary policy and asset prices is an important issue in the recent decades.Scholars have done plenty of theoretical and empirical researches from different angles.This paper summarizes these researches from four aspects:the turning point of monetary policy intervening in assets prices,information reflected from fluctuations of asset prices,whether or not to include asset prices in monetary framework,how to react to the financial instability caused by asset prices.
出处
《金融评论》
2011年第6期92-102,125,共11页
Chinese Review of Financial Studies
关键词
货币政策
资产价格
金融稳定
Monetary Policy
Asset Prices
Financial Stability
