美国量化宽松政策效果及其对中国的影响

发布时间：2018-05-12 22:29

本文选题：量化宽松政策 + 期限利差　；参考：《社会科学辑刊》2011年06期

【摘要】：美国量化宽松政策没有降低失业,没有减小期限利差,却减小了抵押利差,并促使预期通胀略有上升;利率下降并没有带动银行贷款增加和房价上涨,却推动了股市上涨,促进了美元贬值进而拉动了出口;中国期限利差与美国期限利差之间存在动态关联,美元贬值导致中国通胀上升且效果显著,而中国短期国际资本流动受美国量化宽松政策影响较小。
[Abstract]:Instead of reducing unemployment and reducing term spreads, quantitative easing in the United States has reduced mortgage spreads and contributed to a slight rise in expected inflation; lower interest rates have not led to higher bank loans and higher house prices, but have pushed up the stock market. This has contributed to the depreciation of the dollar and thus to exports; there is a dynamic link between the Chinese term spread and the United States term spread, and the depreciation of the dollar has led to an increase in inflation in China and has had significant effects. China's short-term international capital flows are less affected by quantitative easing in the United States.
【作者单位】：东北财经大学金融学院;东北财经大学杂志社;
【基金】：教育部人文社会科学重点研究基地重大项目(2009JJD790004) 辽宁省教育厅高等学校创新团队研究项目(WT2010009)
【分类号】：F827.12;F124;F224

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