摘要
面对不断加大的经济下行压力,我国货币政策主动作为,靠前发力,在助力稳住经济大盘方面发挥了积极作用。本文在梳理当前金融形势和货币政策操作的基础上,分析了货币政策面临的主要风险和挑战,包括发达经济体货币政策转向的风险、货币政策多重目标带来的弊端及货币政策传导机制不畅等,提出未来政策的发力点,最后对金融机构在货币政策传导机制中更好发挥作用提出建议。
In the face of the increasing downward pressure on the economy,China’s monetary policy has taken the initiative to move forward and played a positive role in helping to stabilize the economy.On the basis of sorting out the current financial situation and the operation of monetary policy,this paper analyzes the main risks and challenges faced by monetary policy,including the risk of monetary policy shift in developed economies,the disadvantages caused by multiple objectives of monetary policy and the poor transmission mechanism of monetary policy,and puts forward the starting point of future policy.Finally,it puts forward suggestions for financial institutions to play a better role in the transmission mechanism of monetary policy.
出处
《工程经济》
2022年第5期42-50,共9页
ENGINEERING ECONOMY
关键词
中美利差倒挂
汇率贬值
资本外流
货币政策目标
货币政策传导机制
China-US Interest Rate Hang Upside Down
Exchange Rate Depreciation
Capital Outflow
Monetary Policy Objectives
Monetary Policy Transmission Mechanism
作者简介
吕剑:经济学博士,高级经济师,现供职于中央汇金投资有限责任公司。
