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1.
本文分析比较四种货币政策规则1)汇率目标规则;2)货币数量目标规则;3)通货膨胀目标规则:4)隐性货币政策规则。结论:货币政策的透明性和责任性是所有货币政策规则成功的关键。货币政策规则选择是由各国经济、文化、政治等因素决定的。  相似文献   

2.
以1998年第1季度至2014年第4季度中国货币政策的相关数据为样本,对原始泰勒规则的四种形式及前瞻性泰勒规则进行了检验,并通过协整进一步考察了泰勒规则中变量间的长期均衡关系。研究发现,中国存在类似的泰勒规则,但却是不稳定的,基于中国货币政策的多目标制、央行的独立性不高以及不完善的利率市场化与金融体系现状,泰勒规则在当前是不适用的,将泰勒规则作为工具规则以及将利率作为货币政策操作变量只能是中国货币政策的未来选择。  相似文献   

3.
笔者在分析90年代以来美国货币政策所实施的理论依据--泰勒规则的基础上,对当今美国货币政策的政策实施及其操作特点做了全面考察和总结,并简单探讨了美国货币政策对我国货币政策选择的启示。  相似文献   

4.
货币政策的“规则与相机抉择”之争,迄今已有至少150年的历史。近期货币政策理论研究的结果,更多地融合了相机抉择与规则各自的优点,将注意力从对规则与相机抉择的原则性区分转移到对具体货币政策操作实践的探讨,以解决规则和相机抉择共同面临的问题。本文在对国内外相关研究进行梳理的基础上,就当前我国货币政策框架问题提出了几点看法。  相似文献   

5.
DAD-DAS模型是由美国经济学家曼昆提出来的,它反映的是通货膨胀与产量缺口之间的联系。该模型含有预期、货币政策规则、产量缺口、通货膨胀目标和随机冲击等因素,说明的经济波动方式和机理与传统的AD-AS模型不同。货币政策在短期内有效,长期无效,古典二分法成立,并且存在着产量易变性和通货膨胀易变性的交替。中央银行在实施货币政策时,必须按照泰勒原则抉择才能更好地稳定通货膨胀。本文首先对模型作了简要的介绍,然后重点对其优点和缺点进行了评价。  相似文献   

6.
运用DSGE模型,引入价格粘性与信贷约束,分析不同货币政策规则、通货膨胀以及房地产价格对实体经济的冲击影响,其结果提示:(1)当紧缩性货币政策冲击发生时,产出、消费需求、投资和企业借贷水平都会出现一定程度的回落,但考虑房地产价格后的货币政策对实体经济的冲击影响相对较弱;(2)货币当局若实施扩展泰勒规则的货币政策(考虑房地产价格因素),通胀冲击对实体经济的影响就会变得较为有利,而且房地产价格的适度回落将有利于实体经济的健康、稳定发展.责是之故,宏观当局应实施遵循扩展泰勒规则的货币政策(考虑房地产价格因素),保持相对温和的通胀水平,防止房地产市场价格的剧烈波动,有效规避潜在金融风险对实体经济的冲击影响;与此同时,宏观当局应充分关注各类实体经济变量受冲击影响的差异性和复杂性,选择最佳时机推出合意的宏观调控措施.  相似文献   

7.
西方各国的货币政策传导机制在理论影响、传导机构、机构要素、经济变量要素诸方面有共同之点,但由于各国国情的差异,传导机制在货币政策工具、中介和操作目标的选择等方面又各不相同。我国可以从它们的共同点和不同点诸方面找到了自己有用的借鉴。  相似文献   

8.
我国在转轨经济条件下,由于受市场机制的发育程度、金融市场的创建程度等方面因素的制约,只能选择货币政策信贷传导作为主渠道,但是在具体运行中信贷传导渠道时时阻滞的问题,又直接影响了货币政策的有效性。究其原因,本文认为:国有商业银行作为信贷传导主体在社会经济融资中所形成的信贷集中,以及国有商业银行经济与政治的双重激励是造成货币政策信贷传导渠道阻滞的直接原因。  相似文献   

9.
货币政策效果受货币政策工具、传导机制、实体经济等多种因素影响.本文从货币政策传导环境、货币政策传导中介和货币政策传导受体三个方面分析了影响我国货币政策效果的因素,从这些因素的分析中,可以探知近几年我国货币政策实施中的一些问题.  相似文献   

10.
通货膨胀目标制是权衡产出和通货膨胀而做出决策的良好货币政策,对其究竟应定位为政策框架抑或政策规则,理论界存在争议.本文结合通货膨胀目标制研究的指标、时限、政策绩效对制度设计、政策操作进行了较为全面的分析,并就国家发展阶段、政策目标、内外环境等方面提出了优化货币政策的相关建议.  相似文献   

11.
The communication of people partially is the communication of cultures. Culture has a direct effect on international commercial activities in all aspects. Different conceptions about time, space, equality, law and the like, lead people to deal with things in different ways. So to know cultures of the counterpart is to facil-itate our enterprises so as to have a smooth and successful communication in commercial activity.  相似文献   

12.
风的曲线     
Rosco and I wait for the fishermen to return.I sit at a wooden bench near the store at Mt.Baker Resort and watch the clouds change shape. Rosco has my belt around his neck and an eight foot tow chain hooked to a tree. Dogs must be on a leash. Ducks and rabbits are loose.  相似文献   

13.
Given a graph G,a subgraph C is called a clique of G if C is a complete subgraph of G maximal under inclusion and |C|≥2. A clique-transversal set S of G is a set of vertices of G such that S meets all cliques of G. The clique-transversal number, denoted as TC (G), is the minimum cardinality of a clique-transversal set in G. The clique-graph of G, denoted as K (G), is the graph obtained by taking the cliques of G as vertices, and two vertices are adjacent if and only if the corresponding cliques in G have nonempty intersection. Let F be a class of graphs G such that F={G|K(G) is a tree}. In this paper the graphs in F having independent clique-transversal sets are shown and thus TC (G)/|G|≤1/2 for all G ∈ F.  相似文献   

14.
《海外英语》2007,(5):44-45
It is worthy of noting that, whilst Crookston Castle witnessed the earlier and happier portion of Mary's variegated life,  相似文献   

15.
一、吃和喝吃苹果 eat an apple, 吃药 take medicine,吃糖 have some sweets,吃饭 have one's meals,吃馆子 dine out,吃惊 be surprised/  相似文献   

16.
《海外英语》2007,(5):10-11
Many college freshmen arrive woefully unprepared to do college work, and as disadvantaged populations continue to grow, the share of the American work force that has made it through college is expected to plummet. Many experts blame that educational failure not just on high schools but also on colleges. School & College, a special report by The Chronicle, looks at efforts to fix the system. What reforms would better prepare students for college? What should schools and colleges be doing differently? How should state and federal officials help?  相似文献   

17.
Different nations have different social cultures, and the social culture of every nation is developing with the development of the nation, language is greatly influenced by social culture, which enables language to possess national and historical characteristics. Word is the smallest, independent, meaningful linguistic unit of language. It can well reflect the national and historical characteristics. From synchronic aspect, the social and cultural influence on word meaning is mainly embodied in conceptual and associative meanings of word. The incorrespondence of word meaning is a phenomenon that exists in both conceptual and associative meanings of word among different languages. From diachronic aspect, the development of social culture causes some changes of word meaning to some extent. Therefore, social culture plays a key role in vocabulary learning and mastery of a language.  相似文献   

18.
汉字倒说     
汉字的六书,《说文》对“转注”一类,语焉不详。后世学者提及转注,也仅限于许慎所举出的例字。《汉字例说》一文,作者从转注的角度综合考虑,对部分现代常用字作了分析,跟传统的解释有所不同。希望能抛砖引玉,互相切磋,以推进学术研究。  相似文献   

19.
20.
《海外英语》2007,(4):36
There are numbers of crossroads on our long and unpredictable life journey where we totally have no idea about which direction to choose. No matter what our decision is, we should not turn back, but face the music and go ahead instead. I am this kind of girl who always does try without regretting, one example is how I dealt with my love.  相似文献   

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