当前美欧货币政策的新动向

发布时间：2018-01-15 17:30

本文关键词：当前美欧货币政策的新动向　出处：《国际经贸探索》2013年01期 　论文类型：期刊论文

【摘要】：当前美欧货币政策出现了令人担忧的五大新动向:一是货币政策工具由"常规"向"非常规"转变;二是货币政策操作领域由"金融市场"向"实体经济"转变;三是货币政策内容由"有限"向"无限"转变;四是货币政策职能由"支持经济"向"为财政服务"转变;五是货币政策效果由"降低风险"向"放大风险"转变。这些转变对美欧短期内会产生一定的积极效果,但在中长期内的负面效应将远远超过正面效应。美欧货币政策新动向对我国造成的冲击尤为严重,为应对新动向的冲击,我国应实施跟美欧同步的货币政策。
[Abstract]:At present, there are five worrying new trends in the monetary policy of the United States and Europe: the first is the transformation of monetary policy tools from "conventional" to "unconventional"; Second, the field of monetary policy operation has changed from "financial market" to "real economy"; Thirdly, the content of monetary policy has changed from "limited" to "infinite"; Fourth, the function of monetary policy is changed from "supporting economy" to "serving finance"; Fifth, the effect of monetary policy has changed from "reducing risk" to "amplifying risk". These changes will have some positive effects on the US and Europe in the short term. However, the negative effects in the medium and long term will far outweigh the positive effects, and the new trends of monetary policy in the United States and Europe have a particularly serious impact on China. In order to cope with the impact of the new trends, China should implement monetary policies in line with those of the United States and Europe.
【作者单位】：广东外语外贸大学国际经济贸易学院;
【基金】：教育部哲学社会科学研究重大课题攻关项目(11JZD021) 国家自然科学基金项目(71073030) 广东省哲学社会科学“十一五”规划2010年度一般项目(GD10CLJ02)
【分类号】：F827.12;F825
【正文快照】： 进入2012年9月以来,美欧等发达经济体相继加大了货币宽松力度,实施货币“大放水”。9月6日欧洲央行宣布启动无限量冲销式购债计划,12日德国联邦宪法法院裁定,旨在救助欧元区重债国的欧洲稳定机制(ESM)没有违反德国宪法,这一裁决为欧盟量化宽松开启了绿灯。10月8日,规模达到500

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