摘要
在一个包含贸易部门与非贸易部门的开放经济NK-DSGE模型中,考察了货币政策的分配效应。研究发现,基准货币政策下,贸易部门积极的技术冲击对于不同类型家庭消费和实际工资具有不同的动态冲击效应,并且引起消费不平等与收入不平等的上升。在此基础上,政策评价的结果显示;(1)最优货币政策倾向于降低消费不平等与收入不平等;(2)严格盯住经济增长的货币政策在最大程度上导致了消费不平等与收入不平等的恶化,盯住名义汇率的货币政策则次之;(3)盯住实际汇率的货币政策对于消费不平等与收入不平等的影响与最优货币政策最为接近。因此,针对最小化货币政策分配效应所引致的不平等,货币政策应该对实际汇率做出反应。
In this paper, we consider a open economy NK - DSGE model with trade and nontrade sector, and investigate the distribution effects of China（3）the impact of real exchange rate targeting policy on consumption inequality and income inequality is closer to optimal policy than other policy regime. Therefore, based on the perspective of the inequality that led by the distribution effect of monetary policy,monetary policy should respond to real exchange rate.
作者
陈利锋
雷盼盼
CHEN Li-feng1,2,3, LEI Pan-pan1(1. Teaching and ResearchDepartment of Economics, Guangdong Provincial Party- School of CPC, Guangzhou, Guangdong 510053, China ; 2. National Economic Research Center, Guangdong University- of Finance and Economies, Guangzhou, Guangdong 510320, China; 3. Institute of Economies,China Academy of Social Science, Beijing 100836, China)
出处
《贵州财经大学学报》
CSSCI
北大核心
2018年第3期1-13,共13页
Journal of Guizhou University of Finance and Economics
基金
国家社科基金重大项目“提高发展平衡性、包容性、可持续性的动力机制研究”(编号：15ZDC012)
关键词
贸易部门
非贸易部门
分配效应
消费不平等
收入不平等
trade sector
non - trade sector
distribution effects
consumption inequality
income inequality
