开放经济下中国货币政策规则选择面临的问题

The Problems of China's Monetary Policy Rule in an Open Economy

本文总结了在目前中国经济开放度不断增加的情况下,货币政策规则制定中面临的若干问题,同时对这些问题的原因及影响进行分析。具体问题包括,中国货币政策规则中是否应纳入汇率等外部变量,货币政策中通胀指标的选择问题,货币政策传导机制中采用的定价方式,国际间的货币政策协调问题和汇率改革与资本账户放开对中国货币政策的影响。

With the increasingly openness of Chinese economy, there exists several prominent problems the monetary policymaker would face when they set the policy rules, this paper su those problems and analyzes the causes and the effects of those problems. More specifically, these issues include should China monetary policy respond to international variables such as exchange rate, the choice of inflation index, imports pricing in the transmission mechanism of monetary policy, monetary policy cooperation and the impact of the managed exchange rates, capital control on China monetary policy