我国非线性货币政策规则研究被引量：1

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摘要本文由中央银行非对称通货膨胀和产出缺口偏好的福利损失函数最优化推导出潜在非线性的最优货币政策规则,并将中央银行政策行为非对称性的原因归结为中央银行非对称偏好。同时本文实证估计我国货币政策规则,并检验货币政策规则非对称偏好存在性假说,结果表明,我国中央银行存在非对称通货膨胀平方和产出缺口偏好,对应地,货币政策规则呈现非线性特征,利率不仅对通货膨胀和产出缺口产生反应,而且也对通货膨胀平方和产出缺口平方产生反应。

作者周波

机构地区中国社会科学院财经战略研究院东北财经大学财政税务学院

出处《财经问题研究》 CSSCI 北大核心 2014年第1期53-59,共7页 Research On Financial and Economic Issues

基金国家自然科学基金项目"非线性财政货币政策规则:基于中国的模型实证和政策引申"(71003015) 国家自然科学基金项目"财政货币政策宏观经济绩效评价和政策设计:中国财政货币政策交互作用视角的理论模型实证检验和政策意涵"(71273043) 辽宁省高等学校优秀科技人才支持计划"财政货币政策宏观经济绩效评价方法及我国的政策设计应用"(WR2013009) 中国博士后科学基金项目"基于财政货币政策交互作用的宏观绩效评价与政策设计"(2012M510654) 辽宁省社会科学基金项目"财政货币政策交互作用的理论范式及应用"(L11DJL047)

关键词中央银行非线性货币政策规则非对称损失函数非对称偏好

分类号 F820.1 [经济管理—财政学]

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参考文献13

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