英國新工黨政府貨幣政策研究（1997-2010）
發(fā)布時(shí)間：2019-03-17 14:45
【摘要】：1997年新工黨上臺(tái)后繼承了前任保守黨政府引進(jìn)的通貨膨脹目標(biāo)制,同時(shí)在貨幣政策方面進(jìn)行了一系列改革。新工黨政府在通貨膨脹目標(biāo)制的基礎(chǔ)上進(jìn)一步改革貨幣政策框架,授予英格蘭銀行獨(dú)立執(zhí)行貨幣政策的權(quán)力,建立貨幣政策委員會(huì),成立金融服務(wù)監(jiān)管局和債務(wù)管理局,并改進(jìn)通貨膨脹目標(biāo)。新工黨政府在執(zhí)政前10年間成功地將英國的通脹水平控制在目標(biāo)水平,并降低了通貨膨脹預(yù)期,英國經(jīng)歷了一段低失業(yè)率和低通脹的經(jīng)濟(jì)穩(wěn)定時(shí)期。2009年,全球金融危機(jī)波及到英國,面對(duì)動(dòng)蕩的經(jīng)濟(jì)形勢(shì),新工黨政府在原有政策基礎(chǔ)上增加了量化寬松這一政策工具,刺激經(jīng)濟(jì)增長。同時(shí),金融危機(jī)暴露了新工黨政府貨幣政策的不足。本文共分引言和正文兩大部分。引言部分介紹了文章研究思路和學(xué)術(shù)界研究現(xiàn)狀。國內(nèi)外學(xué)術(shù)界現(xiàn)有的研究多是簡(jiǎn)單介紹或經(jīng)濟(jì)性分析,缺乏對(duì)這一時(shí)期貨幣政策的歷史性解讀。探究新工黨政府貨幣政策的內(nèi)容,將這一時(shí)期貨幣政策與傳統(tǒng)工黨政府和前任保守黨政府的貨幣政策進(jìn)行對(duì)比,探究貨幣政策特點(diǎn)及其反映出的指導(dǎo)思想,并把新工黨政府貨幣政策放在二戰(zhàn)后英國貨幣政策的發(fā)展線索中進(jìn)行歷史定位很有必要。第一章主要介紹新工黨上臺(tái)時(shí)在貨幣政策領(lǐng)域需要解決的問題。1979-1997年保守黨政府執(zhí)政期間,雖然引進(jìn)了通貨膨脹目標(biāo)制,但是仍然存在著貨幣標(biāo)的不恰當(dāng),政策目標(biāo)不明確,政策制定和執(zhí)行機(jī)構(gòu)責(zé)任劃分不清,貨幣政策透明性不夠等問題,這些問題都亟待新上臺(tái)的新工黨政府解決。第二章闡述新工黨政府對(duì)貨幣政策的創(chuàng)新。新工黨政府繼承了保守黨引進(jìn)的通貨膨脹目標(biāo)制,并重新界定財(cái)政部和英格蘭銀行責(zé)任,授予英格蘭銀行獨(dú)立執(zhí)行貨幣政策的權(quán)力。改進(jìn)通貨膨脹目標(biāo),改變保守黨政府將通脹目標(biāo)定為一個(gè)范圍的做法,將通脹目標(biāo)定為一個(gè)數(shù)字。提高政策透明度,定期公布貨幣政策委員會(huì)的會(huì)議記錄和決定以及通貨膨脹報(bào)告,并實(shí)行公開信制度。第三章梳理了新工黨政府的貨幣政策經(jīng)歷。新工黨政府貨幣政策大體分為三個(gè)階段,在1997年-2003年這一階段中,英格蘭銀行以零售物價(jià)指數(shù)定義通貨膨脹目標(biāo),主要運(yùn)用利率工具調(diào)整通脹,經(jīng)濟(jì)總體平穩(wěn)運(yùn)行。2003年-2007年為第二階段,這一階段通脹目標(biāo)的指標(biāo)改為消費(fèi)價(jià)格指數(shù),其他方面與第一階段沒有太大差別。2007年美國次貸危機(jī)發(fā)生后,貨幣政策委員會(huì)開始同時(shí)使用常規(guī)的利率工具和非常規(guī)的量化寬松手段調(diào)控宏觀經(jīng)濟(jì),這一時(shí)期政策工具和經(jīng)濟(jì)形勢(shì)與前兩個(gè)時(shí)期明顯不同,是政策經(jīng)歷的第三個(gè)階段。第四章對(duì)新工黨貨幣政策進(jìn)行評(píng)價(jià)和定位。新工黨政府實(shí)行的貨幣政策明確了財(cái)政部和英格蘭銀行之間的責(zé)任關(guān)系,提高了貨幣政策透明度。新工黨政府貨幣政策與財(cái)政政策實(shí)現(xiàn)有效配合,在1997年-2007年這10年間貨幣政策總體表現(xiàn)良好。這期間英國保持了低水平的穩(wěn)定通脹,并在就業(yè)和經(jīng)濟(jì)增長方面表現(xiàn)良好。新工黨政府貨幣政策改變了戰(zhàn)后兩黨政府“走走停停”的經(jīng)濟(jì)表現(xiàn),但是在金融危機(jī)面前暴露了自身不足,這為其后上臺(tái)的保守黨和自民黨聯(lián)合政府繼續(xù)改進(jìn)英國貨幣政策提供了借鑒。
[Abstract]:After the new Labour Party took office in 1997, it inherited the inflation target system introduced by the former Conservative party, and made a series of reforms in the monetary policy. The new Labour government, on the basis of the inflation target system, further reforms the monetary policy framework, granting the Bank of England the power to implement monetary policy independently, establishing a monetary policy committee, setting up the Financial Services Authority and the debt authority, and improving the inflation target. The new Labour government successfully controlled the UK's inflation level at the target level in the first 10 years of its ruling, and lowered inflation expectations, and the UK experienced a period of low unemployment and low inflation. In 2009, the global financial crisis spread to the UK and faced a volatile economic situation. The new Labour government, on the basis of its original policy, has added quantitative easing to the policy tool to stimulate economic growth. At the same time, the financial crisis has exposed the inadequacy of the new Labour government's monetary policy. This article is divided into the introduction and the main body. The introduction part introduces the thought of the article and the current situation of the academic research. The existing research of academic circles at home and abroad is a brief introduction or economic analysis, and a lack of historical interpretation of the monetary policy in this period. To explore the content of the monetary policy of the new Labour Party, compare the monetary policy of this period with the monetary policy of the traditional labour government and the former Conservative Party, and explore the characteristics of the monetary policy and the guiding ideology reflected. It is necessary to put the new Labour government's monetary policy in the development clue of Britain's monetary policy after the second world war. The first chapter mainly introduces the problem that the new Labour Party needs to solve in the field of monetary policy. During the period from 1979 to 1997, while the government of the Conservative Party has introduced the target system of inflation, it still has the inappropriateness of the subject of the currency, and the policy objective is not clear. The policy-making and executing agency's responsibilities are not clear, and the transparency of monetary policy is not enough. These problems need to be solved by the new Labour government in the new stage. The second chapter describes the new Labour government's innovation of monetary policy. The new Labour government has inherited the inflation target introduced by the Tories and redefines the Ministry of Finance and the Bank's responsibility to grant the Bank of England the power to implement monetary policy independently. To improve the target of inflation, change the conservative party's target of inflation as a range of practices, set the target of inflation as a figure. To increase the transparency of the policy, to publish on a regular basis the minutes and decisions of the Monetary Policy Committee, as well as the inflation report, and to introduce an open-letter system. The third chapter sorts out the experience of the new Labour government's monetary policy. The new Labour government monetary policy is generally divided into three stages. In the period 1997-2003, the Bank of England defined the inflation target in the retail price index, mainly using the interest rate tool to adjust the inflation and the economy to run smoothly. In 2003-2007, the second phase, The index of inflation target in this stage is changed to the consumer price index, and other aspects are not very different from the first stage. After the US subprime crisis in 2007, the monetary policy committee began to use regular interest-rate tools and unconventional quantitative easing to control the macro-economy. The policy tool and the economic situation in this period are obviously different from the first two periods, and are the third stage of the policy experience. The fourth chapter is to evaluate and position the monetary policy of the new Labour Party. The new Labour government's monetary policy defines the relationship between the Ministry of Finance and the Bank of England and increases the transparency of monetary policy. The new Labour government's monetary policy and fiscal policy are in effective cooperation, and the monetary policy has a good overall performance between 1997 and 2007. The UK maintains a low level of stable inflation during this period and has a good performance in terms of employment and economic growth. The new Labour government's monetary policy has changed the economic performance of the two-party government's "to stop and stop" after the war, but it has been exposed to its shortcomings in the face of the financial crisis, which provides a reference for the subsequent Conservative and Liberal Democratic Party's coalition government to continue to improve the British monetary policy.
【學(xué)位授予單位】：山東師范大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：K561.5
本文編號(hào)：2442399
[Abstract]:After the new Labour Party took office in 1997, it inherited the inflation target system introduced by the former Conservative party, and made a series of reforms in the monetary policy. The new Labour government, on the basis of the inflation target system, further reforms the monetary policy framework, granting the Bank of England the power to implement monetary policy independently, establishing a monetary policy committee, setting up the Financial Services Authority and the debt authority, and improving the inflation target. The new Labour government successfully controlled the UK's inflation level at the target level in the first 10 years of its ruling, and lowered inflation expectations, and the UK experienced a period of low unemployment and low inflation. In 2009, the global financial crisis spread to the UK and faced a volatile economic situation. The new Labour government, on the basis of its original policy, has added quantitative easing to the policy tool to stimulate economic growth. At the same time, the financial crisis has exposed the inadequacy of the new Labour government's monetary policy. This article is divided into the introduction and the main body. The introduction part introduces the thought of the article and the current situation of the academic research. The existing research of academic circles at home and abroad is a brief introduction or economic analysis, and a lack of historical interpretation of the monetary policy in this period. To explore the content of the monetary policy of the new Labour Party, compare the monetary policy of this period with the monetary policy of the traditional labour government and the former Conservative Party, and explore the characteristics of the monetary policy and the guiding ideology reflected. It is necessary to put the new Labour government's monetary policy in the development clue of Britain's monetary policy after the second world war. The first chapter mainly introduces the problem that the new Labour Party needs to solve in the field of monetary policy. During the period from 1979 to 1997, while the government of the Conservative Party has introduced the target system of inflation, it still has the inappropriateness of the subject of the currency, and the policy objective is not clear. The policy-making and executing agency's responsibilities are not clear, and the transparency of monetary policy is not enough. These problems need to be solved by the new Labour government in the new stage. The second chapter describes the new Labour government's innovation of monetary policy. The new Labour government has inherited the inflation target introduced by the Tories and redefines the Ministry of Finance and the Bank's responsibility to grant the Bank of England the power to implement monetary policy independently. To improve the target of inflation, change the conservative party's target of inflation as a range of practices, set the target of inflation as a figure. To increase the transparency of the policy, to publish on a regular basis the minutes and decisions of the Monetary Policy Committee, as well as the inflation report, and to introduce an open-letter system. The third chapter sorts out the experience of the new Labour government's monetary policy. The new Labour government monetary policy is generally divided into three stages. In the period 1997-2003, the Bank of England defined the inflation target in the retail price index, mainly using the interest rate tool to adjust the inflation and the economy to run smoothly. In 2003-2007, the second phase, The index of inflation target in this stage is changed to the consumer price index, and other aspects are not very different from the first stage. After the US subprime crisis in 2007, the monetary policy committee began to use regular interest-rate tools and unconventional quantitative easing to control the macro-economy. The policy tool and the economic situation in this period are obviously different from the first two periods, and are the third stage of the policy experience. The fourth chapter is to evaluate and position the monetary policy of the new Labour Party. The new Labour government's monetary policy defines the relationship between the Ministry of Finance and the Bank of England and increases the transparency of monetary policy. The new Labour government's monetary policy and fiscal policy are in effective cooperation, and the monetary policy has a good overall performance between 1997 and 2007. The UK maintains a low level of stable inflation during this period and has a good performance in terms of employment and economic growth. The new Labour government's monetary policy has changed the economic performance of the two-party government's "to stop and stop" after the war, but it has been exposed to its shortcomings in the face of the financial crisis, which provides a reference for the subsequent Conservative and Liberal Democratic Party's coalition government to continue to improve the British monetary policy.
【學(xué)位授予單位】：山東師范大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：K561.5
【參考文獻(xiàn)】
相關(guān)期刊論文 前10條
1 毛銳;趙北平;鄭鳳華;趙君;王洪華;秦成志;孫佳佳;王婭楠;;論題:從凱恩斯主義到貨幣主義——撒切爾政府宏觀經(jīng)濟(jì)政策的調(diào)整[J];歷史教學(xué)問題;2014年05期
2 劉玉安;武彬;;第三條道路:社會(huì)民主主義還是社會(huì)自由主義?[J];當(dāng)代世界社會(huì)主義問題;2010年03期
3 劉迎春;鄭春芳;;后金融危機(jī)時(shí)代英國貨幣政策的局限性[J];現(xiàn)代管理科學(xué);2010年09期
4 張淼;劉柯柯;;泰勒規(guī)則與英國貨幣政策[J];新金融;2010年05期
5 郭建偉;;英格蘭銀行貨幣政策委員會(huì)的績效、成功經(jīng)驗(yàn)及其啟示[J];海南金融;2009年01期
6 周素彥;20世紀(jì)西方貨幣政策理論發(fā)展與評(píng)述[J];金融教學(xué)與研究;2005年02期
7 鄒根寶,黎媛菲,江暢;從布朗的五項(xiàng)測(cè)試標(biāo)準(zhǔn)看英國加入歐元區(qū)的前景[J];世界經(jīng)濟(jì)研究;2003年10期
8 張志洲;布萊爾“第三條道路”理論探析[J];國際論壇;1999年02期
9 敖惠誠,劉小平,紀(jì)志宏;英國貨幣政策的變革及啟示[J];中國金融;1998年09期
10 王皖強(qiáng);撒切爾主義研究的幾個(gè)問題[J];世界歷史;1997年01期
相關(guān)重要報(bào)紙文章 前1條
1 楊攻研;婁春杰;;英國量化寬松政策不是美國的翻版[N];中國財(cái)經(jīng)報(bào);2011年
相關(guān)博士學(xué)位論文 前1條
1 趙金子;英國工黨的民主社會(huì)主義理論與實(shí)踐探索研究[D];吉林大學(xué);2014年
相關(guān)碩士學(xué)位論文 前4條
1 鄭鳳華;英國新工黨政府經(jīng)濟(jì)政策研究（1997-2010）[D];山東師范大學(xué);2014年
2 劉維正;英國新工黨政府的歐洲一體化政策研究[D];南京師范大學(xué);2012年
3 毛艷楓;新工黨國內(nèi)經(jīng)濟(jì)政策中的布萊爾主義[D];上海外國語大學(xué);2007年
4 楊曉蘭;試析布萊爾政府的親歐政策[D];西北大學(xué);2004年
，本文編號(hào)：2442399
本文鏈接：http://sikaile.net/shekelunwen/xifanglishiwenhua/2442399.html
最近更新
教材專著
