摘要
当前,中国发展环境面临着深刻复杂变化。构建有效协调的宏观调控新机制,必须健全货币政策和宏观审慎政策双支柱调控框架,必须构建货币政策和金融监管协同发展新格局。无论是货币政策工具的演进,还是逆周期实践,都离不开金融稳定目标的实现,关注金融稳定的目标是风险承担渠道下的货币政策联接金融监管的起点,两者的协同又是实现"金融稳定和金融效率"并重的必要手段。在新时代下,中国必须加快完善宏观审慎政策框架,强化货币政策跨周期设计,推进金融安全法治建设,形成金融治理现代化。
At present,China’s development environment is facing profound and complex changes.To build an effective and coordinated new mechanism for macro-control,it is necessary to improve the two-pillar control framework of monetary policy and macro-prudential policy,and to build a new pattern of coordinated development of monetary policy and financial supervision.Whether it is the evolution of monetary policy tools or counter-cyclical practices,it is inseparable from the realization of financial stability goals.The goal of paying attention to financial stability is the starting point of monetary policy linking financial supervision through risk-taking channels,and the synergy of the two is a necessary means to achieve both‘financial stability and financial efficiency’.In the new era,China must accelerate the improvement of the macro-prudential policy framework,strengthen the cross-cycle design of monetary policy,promote the construction of financial security and the rule of law,and form a modernized financial governance.
出处
《宏观经济研究》
CSSCI
北大核心
2021年第4期25-37,共13页
Macroeconomics
基金
国家社科基金项目“健全系统性金融风险预警、防控与应急处置机制研究”(18BJY231)
中国第65批全国博士后基金项目“‘双支柱调控框架’下的金融监管法律制度研究”(2019M650946)的阶段性成果
山西省哲学社会科学规划重点课题(2020ZD023)的资助。
关键词
货币政策
金融监管
协调运行
Monetary policy
Financial supervision
Coordinated operation
