摘要
在次贷危机的应对中,美联储的货币政策激进、灵活,与正常时期的渐进主义策略大相径庭。文章在对次贷危机以来美联储的货币政策操作进行梳理的基础上,研究美联储应对危机的货币政策机理,发现在危机时期,美联储始终坚持其担负的目标,货币政策体现为及时的、决定性的和灵活的。最后,文章探讨了美联储的危机时期政策对我国央行货币政策操作的启示。
Coping with the subprime crisis, the Fed＇s monetary policy has changed from its gradualism strategy and become more aggressive and flexible, unlike its usual practice. On the basis of outlining the Fed＇s monetary policy operations since the outbreak of the crisis, this research focuses on the mechanism by which the Fed uses its monetary policy to cope with the crisis. We find that the Fed always sticks to its statutory objectives during the period of the crisis, and its monetary policy is timely, decisive, and flexible. Finally, the paper discusses the implications for the monetary operations of China＇s central bank.
出处
《中国货币市场》
2008年第9期40-45,共6页
China Money
关键词
货币政策
金融危机
美联储
monetary policy,financial crisis ,Fed
