“格林斯潘之谜”或将重演  

Will “Interest Rate Conundrum” Repeat Itself?

作　　者：李秀秀 乔小枫 

机构地区：[1]航天投资控股有限公司

出　　处：《银行家》2017年第9期56-59,共4页The Chinese Banker

摘　　要：作者对"格林斯潘之谜"进行了分析,并进—步认为."格林斯潘之谜"发生的原因是美国的流动性充裕甚至流动性过剩导致的期限溢价下降所致.美国未来仍将总体维持流动性充裕甚至过剩的格局.导致"格林斯潘之谜"再次重演。The author analyzes the 'Greenspan Puzzle' and further argues that the reason for the 'Greenspan Puzzle' is due to the decline in the premium due to ample liquidity and even excess liquidity in the United States.In the future the United States will continue to maintain the pattern of overall liquidity of excess or even excess, even lead to 'Greenspan Puzzle' again.

关 键 词：联邦基金 货币政策 流动性危机 短期利率 利率走廊 量化宽松政策 市盈率 杠杆率 风险偏好 长期利率 

分 类 号：F831[经济管理—金融学]