An International Comparison on Monetary Policy Rules:The Applicability in China

Abstract

20世纪70年代初期维持固定汇率的布雷顿森林体系崩溃以后,世界各国的中央银行所承担的责任越来越复杂,从前相机抉择(Discretion)的货币政策也体现出越来越多的不足之处。人们开始不断探索其他的货币政策决策方式,并且日益重视对货币政策规则的研究。本文将对货币政策规则理论的发展作一综述,在此基础上探讨适合我国的货币政策规则。 本文首先系统全面地回顾了货币政策规则的理论基础以及实证研究成果;其次,通过国际比较的方法,分析了主要发达国家和一些亚洲国家执行货币政策规则的情况,总结了货币政策规则在不同国家间实际应用的经验和教训。在此基础上,从定性和定量两个角度深入分析了我国选择泰勒规则作为货币政策规...After the collapse of the Bretton Woods system which maintains a fixed exchange rate in early 1970s, central banks from all of the world have to take more responsibilities. The reality shows that discretion has much more flaws. So people begin to pay more attention to the study of monetary policy rules. This paper will discuss the application of monetary policy rules for China on the basis of some...学位:经济学硕士院系专业:经济学院经济系_世界经济学号:20040902

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