二战后英格兰银行货币政策中间目标的历史演变  

Historical Evolution of the Intermediate Target of the Bank of England's Monetary Policy after the World War Ⅱ

作　　者：仵洁[1] WU Jie(The Xi’an Branch of PBC,Shaanxi Xi’an 710075)

机构地区：[1]中国人民银行西安分行,陕西西安710075

出　　处：《西部金融》2018年第12期47-49,共3页West China Finance

摘　　要：英格兰银行原为私有的股份银行,在第一次世界大战后开始和英国财政部进行合作,1946年英国政府将其国有化。自英国工党政府1997年执政以来,英国的货币政策执行发生了相当大的变化。英格兰银行被赋予独立实施货币政策的权力,并成立了货币政策委员会。英国政府负责制定通货膨胀目标,而在货币政策操作上的技术细节,包括短期官方利率的确定,则由英格兰银行独立负责。自此,货币政策决策更加透明和公开,从而建立起了稳定的公众预期。本文梳理了英格兰银行货币政策框架的历史演变过程,在当前对我国经济金融宏观调控不断提出新要求的时期,借鉴货币政策框架转型的国际经验将对人民银行更好地制定和实施货币政策起到积极作用。The Bank of England,formerly a private joint-stock bank,began to cooperate with the British Treasury after World War I and was nationalized by the British Government in 1946.Since the Labour Party government came into power in 1997,the implementation of monetary policy in Britain has undergone considerable changes.The Bank of England was empowered to implement monetary policy independently and established the Monetary Policy Committee.The British government is responsible for setting inflation targets,while the Bank of England is responsible for the technical details of monetary policy operations,including the determination of short-term official interest rates.Since then,monetary policy decision-making became more transparent,thus stable public expectations were established.This paper reviews the historical evolution of the Bank of England's monetary policy framework.In such a period when China's economic and financial management constantly put forward new requirements,learning from the international experience of the transformation of the monetary policy framework will play a positive role in the formulation and implementation of monetary policy for the PBC.

关 键 词：英格兰银行 货币政策框架 历史演变 

分 类 号：F832.2[经济管理—金融学]