非常规货币政策退出:文献综述与研究展望  

Exiting from Unconventional Monetary Policy:Literature Review and Research Prospects

作　　者：卢孔标[1] 邢增艺[2] 

机构地区：[1]中国社会科学院,北京102488 [2]中国人民银行海口中心支行,海口570105

出　　处：《上海金融学院学报》2014年第6期16-31,共16页Journal of Shanhai Finance University

摘　　要：非常规货币政策是国际金融危机期间主要经济体中央银行缓解流动性压力、提振市场信心以及压低融资成本重振经济的重要举措。随着美联储开始逐步退出量化宽松政策,非常规货币政策退出成为各方关注的焦点。非常规货币政策退出会带来怎样的冲击?如何把握退出节奏?本文从非常规货币政策退出的内涵、原因、策略以及影响等角度对主要文献进行了总结,提出了进一步研究的几个方向。Unconventional Monetary Policy is a key measure proposed by the central banks of the major economies to ease liquidity stress, improve market confidence and reduce the financing cost to reinvigorate a slumping economy during the global financial crisis. At the end of the Fed＇s quantitative easing （QE）, the withdrawal of unconventional monetary policy is under concern. What＇s the result？ How to monitor the process？ This paper reviewed literature about unconventional monetary policy from its connotation, reason, strategy and impaction, and further brought out several research prospects.

关 键 词：非常规货币政策 退出 文献综述 

分 类 号：F832.4[经济管理—金融学]