货币政策与股票价格关联研究

发布时间：2018-03-26 03:32

本文选题：货币政策　切入点：股票价格　出处：《求索》2011年12期

【摘要】：美国金融危机之后,货币政策与资产价格的关系备受关注。本文着眼货币政策和股票市场之间的关系。文章先开放经济与封闭经济两个角度探讨货币政策与股票价格的关系,进而按泰勒规则,新凯恩斯模型,DSGE模型等理论分类进行探讨。货币政策是否应当考虑资产价格,学界并未得出统一的结论。但是利用最新的金融风险管理工具,笔者认为Bernanke的消极货币政策理论显然不成立。
[Abstract]:After the financial crisis in the United States, the relationship between monetary policy and asset prices has attracted much attention. This paper focuses on the relationship between monetary policy and the stock market. The article first discusses the relationship between monetary policy and stock prices from the perspectives of open economy and closed economy. Then according to Taylor rule, new Keynesian model, DSGE model and other theoretical classification. Whether monetary policy should consider asset prices, scholars have not reached a unified conclusion. But using the latest financial risk management tools, The author thinks that Bernanke's negative monetary policy theory is obviously untenable.
【作者单位】：山东大学经济研究院;济南大学;
【分类号】：F224;F821.0;F831.51

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