货币政策应加强通胀预期管理

发布时间：2018-05-28 02:09

本文选题：货币政策 + 通胀预期　；参考：《郑州大学学报(哲学社会科学版)》2017年01期

【摘要】：通胀预期对于维持价格水平极为重要,它能够通过货币政策的数量传导机制、利率传导机制以及预期传导机制影响实际经济。当前中国货币政策的通胀预期管理有效性不足,原因在于:目标过多的货币政策使央行在通胀预期管理方面力不从心,现有货币政策工具的预期管理能力不足,货币政策工具的市场化程度不高制约了通胀预期管理的效果。要维持价格稳定,货币政策应从几方面加强通胀预期管理:一是央行应承诺实现明确的通胀目标;二要增强货币政策的独立性,简化货币政策目标;三要提高货币政策透明度;四要加快实现货币政策从数量型调控向价格型调控转变。
[Abstract]:Inflation expectation is very important to maintain the price level. It can affect the real economy through the monetary policy quantity transmission mechanism, the interest rate transmission mechanism and the expectation transmission mechanism. At present, the effectiveness of inflation expectation management in China's monetary policy is insufficient. The reason is that the central bank is unable to manage inflation expectations because of its excessive monetary policy objectives, and the existing monetary policy tools are not capable of managing inflation expectations. The low degree of marketization of monetary policy tools restricts the effect of inflation expectation management. To maintain price stability, monetary policy should strengthen the management of inflation expectation from several aspects: first, the central bank should promise to achieve a clear inflation target; second, the independence of monetary policy should be enhanced to simplify the monetary policy objective; third, the transparency of monetary policy should be enhanced. Fourth, it is necessary to accelerate the transformation of monetary policy from quantitative to price.
【作者单位】：中国人民大学经济学院;
【基金】：国家社科基金重点项目“我国经济发展新常态下的货币政策研究”(项目编号:15AZD004) 国家自然科学基金项目“美元本位下中国金融开放与最优货币政策研究”(项目编号:715032)
【分类号】：F822.5

【相似文献】