为何货币政策需要关注资产价格  

Why Monetary Policy Should React to Asset Price

作　　者：邓翔[1] 郭锐[1] 

机构地区：[1]四川大学经济学院,成都610064

出　　处：《云南财经大学学报》2013年第5期11-16,共6页Journal of Yunnan University of Finance and Economics

摘　　要：讨论了最优货币规则模型、有效市场假说和Taylor规则之间的理论联系。通过将资产价格因素纳入最优货币规则模型,对货币政策是否应当关注资产价格问题进行研究。理论分析和模拟结果建议将资产价格波动纳入货币政策反应函数。The paper discusses the theoretical relations among optimal monetary rules model, efficient market hypothesis and Taylor＇s rule. The authors make a research on whether monetary policy should react to asset price by taking asset price factor into the optimal monetary rules mod- el. Theoretical analysis and the simulation results suggest that asset price volatility should be taken into the reaction function of monetary policy.

关 键 词：货币政策 资产价格 泰勒规则 有效市场假说 

分 类 号：F830[经济管理—金融学]