通货膨胀目标制度与我国货币政策借鉴——兼论泰勒规则  

Inflation Targeting and its Implication for China's Monetary Policy

作　　者：张宏 

机构地区：[1]甘肃省银监局

出　　处：《国际金融研究》2008年第12期42-48,共7页Studies of International Finance

摘　　要：内容本文将近似理性假设引入新兴新古典综合理论(New Neoclassical Synthesis),建立起通货膨胀目标制度的理论模型(NPC-MPR模型)和新兴新古典综合泰勒规则模型。之后对我国1993年第一季度到2005年第四季度的宏观经济数据进行协整检验,建立误差修正模型。进而提出了我国货币当局选择通货膨胀目标制度下实施泰勒规则的路径,以提高货币政策的针对性和有效性,稳定物价,促进经济增长。This paper introduced the near rational assumption into the New Neoclassical Synthesis （NNS） , and established NPC-MPR model on inflation targeting, and New Neoclassical Synthesis Taylor Rule model. Then it used cointergration method to test macroeconomic data from Jan. 1993 to Dec. 2005, and established error correction model. On this basis, it further proposed that the monetary authority of China could choose the pathway of Taylor Rule under inflation targeting, in order to improve pertinence and the efficiency of monetary policy for stabilizing prices and promoting economic growth.

关 键 词：通胀目标制度 新菲利普斯曲线 泰勒规则 货币政策 

分 类 号：F831[经济管理—金融学]