本文選題：貨幣政策 + 非對稱性�。� 參考：《復(fù)旦大學(xué)》2012年碩士論文

【摘要】：貨幣政策作用的非對稱性是指,通過擴(kuò)張的貨幣政策刺激經(jīng)濟(jì)增長的效果不如通過緊縮的貨幣政策抑制經(jīng)濟(jì)過熱的效果明顯。也就是說貨幣政策在治理通貨膨脹的效果要好于治理通貨緊縮的效果。本文通過數(shù)據(jù)采集2000年第1季度-2011年第3季度的貨幣政策工具的季度數(shù)據(jù)、以及貨幣中間目標(biāo)的季度數(shù)據(jù)、以及最終經(jīng)濟(jì)目標(biāo)的季度數(shù)據(jù),力求從貨幣政策的實(shí)施源頭即中央銀行的貨幣政策操作起點(diǎn)出發(fā),通過實(shí)證檢驗(yàn)我國貨幣政策在傳導(dǎo)過程中是否的確存在非對稱性特征。 本文運(yùn)用計量經(jīng)濟(jì)方法尋找這種非對稱性特征存在于哪個階段,原因是什么,最后對貨幣政策的非對稱效應(yīng)進(jìn)行總結(jié),并針對具體問題分析原因,找出合理、現(xiàn)實(shí)的解決方法并提出政策建議。 本文建議通過縮短貨幣政策作用時間、加強(qiáng)利率的風(fēng)險管理、推進(jìn)匯率形成機(jī)制改革、改進(jìn)存款準(zhǔn)備金制度、完善再貼現(xiàn)政策、發(fā)展社會保障體系、改善銀行信貸結(jié)構(gòu)等各方面入手,利用好這種非對稱性,提高我國貨幣政策的實(shí)施效果,以使貨幣政策更準(zhǔn)確地執(zhí)行決策者的意圖。
[Abstract]:The asymmetric effect of monetary policy is that the effect of expanding monetary policy to stimulate economic growth is less obvious than that of restraining economic overheating through tight monetary policy. That is to say, the effect of monetary policy in controlling inflation is better than that of controlling deflation. This paper collects the quarterly data of monetary policy instruments from the first quarter of 2000 to the third quarter of 2011, as well as the quarterly data of the intermediate target of currency and the quarterly data of the final economic target. From the source of the implementation of monetary policy, that is, the starting point of the central bank's monetary policy operation, In this paper, we use econometric method to find out which stage this asymmetric characteristic exists and why. Finally, this paper summarizes the asymmetric effect of monetary policy, analyzes the reasons for the specific problems, finds out reasonable and realistic solutions and puts forward some policy suggestions. This paper suggests that the risk management of interest rate should be strengthened by shortening the time of monetary policy action. To promote the reform of the exchange rate formation mechanism, to improve the deposit reserve system, to improve the rediscount policy, to develop the social security system, and to improve the bank credit structure, and to make good use of this asymmetry to improve the implementation effect of China's monetary policy. In order to make monetary policy more accurate implementation of the intentions of policy makers.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F822.0

【參考文獻(xiàn)】

相關(guān)期刊論文 前2條

1 梁益逢;張甲芳;;基于VAR模型貨幣政策非對稱性研究[J];山西財政稅務(wù)�？茖W(xué)校學(xué)報;2009年02期

2 尹振濤;;當(dāng)前貨幣政策基調(diào)及特點(diǎn)[J];中國金融;2012年02期

，

本文編號：2005592