危机后的宏观经济政策协调和央行独立性

Macroeconomic Policy Coordination and Central Bank Independence After the Crisis

尽管传统观点认为央行应始终保持货币政策的独立性,但在金融危机的背景下,这个限制或应得到一定的松动。危急之时,通过央行与政府间的协调合作,能够使货币政策与财政政策有效结合,快速解决通缩、应对衰退。

Central banks are traditionally deemed to always maintain the independence of monetary policy. However, such a restriction should possibly be relaxed to some extent in the context of a financial crisis. During a crisis, the combination of monetary policy and fiscal policy through the cooperation between the central bank and the government could provide a quick solution to deflation and economic depression.