次贷危机再回顾及对我国经济转型期货币政策的启示

发布时间：2018-07-10 09:35

本文选题：次贷危机 + 量化宽松　；参考：《湖南社会科学》2015年06期

【摘要】：在量化宽松措施逐步退出之际对次贷危机进行重新回顾,我们可以得到更全面和深入的认识。本文从金融市场、货币政策、经济结构几个方面回溯了次贷危机爆发的原因,以大萧条时期的教训为基础分析了货币政策发挥最后贷款人职责和释放充足流动性的危机救助作用机理,通过与大萧条时期的纵向对比和与欧洲的横向对比说明了危机救助措施的有效性。最后本文从未雨绸缪的角度总结了次贷危机对我国经济转型期货币政策的启示,提出了进一步优化我国货币政策传导机制、注重对房地产等资产价格波动的应对等多方面政策建议。
[Abstract]:We can get a more comprehensive and in-depth understanding of the subprime mortgage crisis when quantitative easing steps out. This paper traces the causes of the subprime mortgage crisis from the financial market, monetary policy and economic structure. Based on the lessons of the Great Depression, this paper analyzes the mechanism of the crisis relief function of monetary policy, which plays the role of lender of last resort and releases sufficient liquidity. The effectiveness of the crisis relief measures is illustrated by a vertical comparison with the Great Depression and a horizontal comparison with Europe. Finally, this paper summarizes the implications of the subprime mortgage crisis on the monetary policy in China's economic transition period from the perspective of making good plans ahead of time, and puts forward the further optimization of the transmission mechanism of monetary policy in China. Focus on real estate and other asset price fluctuations in response to a number of policy recommendations.
【作者单位】：天津财经大学经济学院;中国人民银行天津分行;
【基金】：国家社科基金重大项目“人民币国际化进程中我国货币政策与汇率政策协调研究”(11&ZD017) 天津市经济社会发展重大应急课题“万企转型升级过程中的金融支持问题研究”(TJZD14-012)的资助
【分类号】：F822.0

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