欧元区的货币政策

Monetary Policy in Euro Zone

欧元区经济状况依旧困难重重,对经济前景的信心很是脆弱,投资不振。欧元区的通胀状况依然充满挑战。本文强调了通胀预期锚定的重要性。在常规手段用尽后,欧央行启动了资产购买计划的非常规手段,正是应对当前状况的一剂良药。具体地,购买更多的资产抵押证券与资产担保债券,经由投资组合的再平衡与信号效应,以达成预期的效果。

Euro zone economy still faces a lot of difficulties, such as low confidence on the economic perspective, flagging investment activities and challengeable inflation situation. The article emphasizes the importance of inflation expectation anchor. With weak effectiveness of normal measures, European Central Bank now initiates non-normal asset purchase measures to deal with current situation. To be more specific, European Central bank wants to buy more asset-mortgage securities and asset covered securities to rebalance investment portfolio and achieve expected purpose.