通货膨胀目标制——一个可能的最优货币政策操作规则  

Inflation-targeting Regime:A Possibly Optimal Monetary Policy Rule

作　　者：杨新松[1] 李明扬[1] 

机构地区：[1]湘潭大学商学院

出　　处：《湖南工程学院学报（社会科学版）》2006年第1期1-4,共4页Journal of Hunan Institute of Engineering(Social Science Edition)

摘　　要：相机抉择的货币政策由于时间非一致性而具有通货膨胀倾向,经济学者为解决时间非一致性问题设计了各种方案,通货膨胀目标制就是其中之一。其优越性主要有:1.有效降低通货膨胀倾向;2.能兼顾灵活性和可信度;3.具有可操作性,一些西方国家已经采用该制度并且效果不错。实践证明,通货膨胀目标制可能是未来的最优货币操作规则。Discretionary monetary-policy has an inflationary inclination because of time inconsistency for which many economists have designed a lot of regimes. Inflation-targeting regime has many advantages： 1 efficiently alleviating the inflationary inclination ;2 credibility and flexibility ; 3 maneuverability which has been exercised in many western countries . It has been proved in practice that it may be an optimal monetary-policy rule in the future.

关 键 词：通货膨胀目标制 时间非一致性 规则 

分 类 号：F830.9[经济管理—金融学]