我国货币政策传导机制现状及疏通对策研究——基于稳健货币政策背景

Study on the current situation and the unblocking of monetary policy transmission mechanism of China——Based on the background of prudent monetary policy

在稳健货币政策背景下,我国货币政策传导机制仍然存在传导渠道效率评判标准缺失、传导机制受阻后货币政策效率偏低、金融市场欠发达对传导渠道疏通能力较低等问题。应采取完善货币政策框架和利率传导渠道、强化货币政策工具定价和结构性调节功能、发展资本市场以拓展融资渠道、强化金融监管保持货币政策独立性等措施,努力疏通我国货币政策传导机制。

Under the background of a prudent monetary policy,China’s monetary policy transmission mechanism still has problems such as the lack of evaluation criteria for transmission channel efficiency,the low efficiency of monetary policy after the transmission mechanism is blocked,and the underdeveloped financial market’s ability to unlock the transmission channel.Measures such as improving the monetary policy framework and interest rate transmission channels,strengthening the pricing and structural adjustment functions of monetary policy tools,developing capital markets to expand financing channels,and strengthening financial supervision to maintain the independence of monetary policies should be adopted to strive to unblock China’s monetary policy transmission mechanism.