摘要
建立和健全“货币政策+宏观审慎政策”的“双支柱”调控框架,是党的“十九大”报告关于金融改革发展工作的重要战略部署。中国提出的“双支柱”调控框架,其核心是要将货币政策和宏观审慎政策同时纳入政策框架,通过强化二者之间的协调配合,更好地实现金融和实体经济的共同稳定。本文对最近十年的国内外相关文献进行了系统的归纳和梳理,并在此基础上提出了已有文献尚未解决的问题以及未来进一步的研究方向。本文的综述和评介有助于从理论上深化对“双支柱”调控的认识,也有助于在实践中构建符合中国国情的政策框架。
One of financial reform and development strategy set up by the 19th National Congress of the Communist Party of China is to improve the double-pillar policy framework of“monetary policy+macro-prudential policy”.The main objective of China s double-pillar policy framework is to coordinate monetary and macro-prudential policies within a unified framework to stabilize financial system and the real economy.In this paper,we review and summarize the related English and Chinese literature in the recent ten years and discuss the unsolved issues in the existing literature and point out the potential future research directions.The review of this paper would help to deepen the theoretical understanding of double-pillar policy framework as well as to construct a policy framework with“Chinese characteristics”in practice.
作者
马勇
姜伊晴
MA Yong;JIANG Yiqing(School of Finance,Renmin University of China,Beijing,100872,China)
出处
《金融评论》
CSSCI
北大核心
2019年第6期1-14,120,共15页
Chinese Review of Financial Studies
基金
北京市社会科学基金重点项目“双支柱调控框架的理论与实证研究”(18LJA001)资助
关键词
双支柱
货币政策
宏观审慎政策
文献综述
Double-Pillar
Monetary Policy
Macroprudential Policy
Literature Review
作者简介
马勇,中国人民大学财政金融学院教授,博士生导师,经济学博士,哈佛大学访问学者,中国人民大学“杰出青年学者”,中国财政金融政策研究中心、国际货币研究所研究员;姜伊晴,中国人民大学财政金融学院。
