宏观审慎与货币政策协调的研究动态综述  

Reviews of Researches of Coordination between Macro-prudential and Monetary Policy

作　　者：王璟怡[1] 

机构地区：[1]天津财经大学金融系,天津300204

出　　处：《上海金融》2012年第11期58-64,117,共7页Shanghai Finance

基　　金：2011年度国家社会科学基金社科重大项目<人民币国际化进程中我国货币政策与汇率政策协调研究>(项目编号:11-ZD017)资助

摘　　要：宏观审慎政策并不是维护金融稳定所有政策的集合,其他的宏观经济政策也都对金融稳定产生各种影响,特别是货币政策与宏观审慎政策之间存在着千丝万缕的联系。正是基于这样的背景,本文从货币政策目标的扩展入手,首先回顾了价格稳定与金融稳定之间的关系,而后对宏观审慎与货币政策之间的相互补充和潜在冲突进行了梳理,在此基础上,综述了二项政策的措施协调和管理当局的安排问题,从中总结出理论和实践中的发展情况,找出不足之处,以便日后进一步的研究。Macro-prudential policy alone cannot overshadow what other macro-economic policies play in the stability of economy,not to mention that there are numerous links between monetary policy and macro-prudential policy.Based on this and starting with the expansion of monetary policy target,the thesis first reviews the relationship between price stability and financial stability and summarizes the coexistence of mutual complementation and potential conflict between the two policies.In conclusion the thesis sums up the coordination between the two policies,finds out insufficiency and lays the foundation for future research.

关 键 词：宏观审慎政策 货币政策 政策协调 相互补充 潜在冲突 

分 类 号：F832[经济管理—金融学]