摘要
随着社会主义市场经济体制的不断完善和利率市场化改革的稳步推进,金融宏观调控从偏重运用数量型工具向更多运用价格型工具转变。借助货币政策规则理论和计量经济方法,对现阶段我国货币政策框架由数量型调控向价格型调控转变的可行性及路径做一系统分析。得出:价格型货币政策工具的调控绩效总体上要优于数量性货币政策工具;实现数量型调控向价格型调控转变,应进一步增强货币政策独立性和透明度,加快金融市场发展,推进利率市场化及人民币汇率生成机制改革。
With the improvement of socialist market economy and advancement of interest rate marketiza-tion ,the view of more use of quantitative tools instead of more use of price tools in financial macro ma-nipulation has gained a lot of popularity .With the use of monetary policy theory and econometric meth-ods ,this article will make a systematic analysis on the possibility and channel of transfer of monetary policy framework from quantitative adjustment to price adjustment ,as well as a review of development of monetary policy framework in China and western countries .The conclusions are ：1） the manipula-tion performance of price tools is better than quantitative tools .2） to fulfill the transfer ,we must fur-ther increase the independence and transparency of monetary policy and facilitate the advance of finan-cial market ,as well as put forward the reform of interest rate marketization and formation mechanism of RMB exchange rate .
出处
《滁州学院学报》
2014年第1期36-40,54,共6页
Journal of Chuzhou University
关键词
货币政策工具
价格型
数量型
泰勒规则
Monetary policy
quantitative tools
price tools
Taylor rules
