摘要
2013年12月18日,美联储宣布削减量化宽松每月资产采购规模100亿美元,标志着正式启动QE退出,从而引发市场高度关注。美联储QE货币政策退出增加了全球经济复苏的不确定性,但对中国经济负面影响整体有限;引发相关经济体货币政策仿效,并对我国货币政策调控形成压力;美元和美债价格波动将对人民币汇率和我国外汇储备资产形成冲击,甚至对国际金融秩序形成的冲击将波及中国。面对QE退出将会产生的影响,中国应以加强经济结构调整和转型升级、持续实施稳健的货币政策、加强对跨境资金监管等对策,促使经济健康、持续增长。
On December 18, 2013, the US Federal Reserve announced to reduce the monthly assets purchase by 10 billion dollars. This shows that the US Federal Reserve officially launched the process to end its quantitative casing policy, and has raised great attention in the market. The tapering of US Federal Reserve＇ s quantitative easing policy increases the un- certainty of global economic recovery, though its negative impacts on Chinese economy are limited. The ending of the US Federal Reserve＇ s quantitative easing policy may prompt relevant economies to adopt similar monetary policies, and bring some pressure on the regulation of China＇ s domestic monetary policies. The fluctuations of US dollars and US bond prices will bring about some impacts on RMB＇ s exchange rate and China＇ s foreign exchange reserves. The impact upon interna- tional financial order may also affect China. Facing the challenges brought about by the retreating of quantitative easing pol- icy, China should continue with the adjustment of its economic restructuring and uprading, implement a prudent monetary policy, strengthen cross - border supervision and control of funds, and keep a healthy, sustained growth in economical de- velopment.
出处
《南开学报（哲学社会科学版）》
CSSCI
北大核心
2014年第2期151-160,共10页
Nankai Journal:Philosophy,Literature and Social Science Edition
关键词
美联储
货币政策
量化宽松政策退出
The US Federal Reserve
Monetary Policy
Retreating of Quantitative Easing Policy
