摘要
讨论了最优货币规则模型、有效市场假说和Taylor规则之间的理论联系。通过将资产价格因素纳入最优货币规则模型,对货币政策是否应当关注资产价格问题进行研究。理论分析和模拟结果建议将资产价格波动纳入货币政策反应函数。
The paper discusses the theoretical relations among optimal monetary rules model, efficient market hypothesis and Taylor＇s rule. The authors make a research on whether monetary policy should react to asset price by taking asset price factor into the optimal monetary rules mod- el. Theoretical analysis and the simulation results suggest that asset price volatility should be taken into the reaction function of monetary policy.
出处
《云南财经大学学报》
CSSCI
北大核心
2013年第5期11-16,共6页
Journal of Yunnan University of Finance and Economics
关键词
货币政策
资产价格
泰勒规则
有效市场假说
Monetary Policy
Asset Price
Taylor＇s Rule
Efficient Market Hypothesis
