高通货膨胀冲击下关于疫情期间全球货币政策的反思与比较  

Reflection and Comparison Global Monetary Policies During the Epidemic Under High Inflationary Shocks

作　　者：赫伯特·波尼施 王宇(译) Herbert Poenisch;Wang Yu

机构地区：[1]不详

出　　处：《金融发展研究》2022年第8期27-30,共4页Journal Of Financial Development Research

摘　　要：本文在当前全球通货膨胀高企的背景下,对2020年以来各国中央银行的货币政策进行反思和比较。2020年,新冠肺炎疫情严重冲击实体经济,各国中央银行采取扩张性货币政策,以提高社会总需求水平和避免衰退;2021年,新冠肺炎疫情缓解,全球经济重启,供求失衡导致通货膨胀攀升,但并未引起主要发达国家中央银行足够的重视;2022年,随着通货膨胀压力增大,各国中央银行货币政策转向,加快紧缩进程。从目前情况看,各国中央银行在疫情期间采取的扩张性货币政策并无错误可言,此轮世界性通货膨胀是新冠肺炎疫情冲击期间货币政策操作的复杂性所致。This article reflects and compares the monetary policies of central banks of various countries since 2020 against the background of the current high global inflation.In 2020,the new crown pneumonia epidemic severely impacted the real economy,and central banks around the world adopted expansionary monetary policies to increase the level of aggregate social demand and avoid recession;in 2021,the new crown pneumonia epidemic eased,the global economy restarted,and the imbalance between supply and demand led to rising inflation,but it has not attracted enough attention from the central banks of major developed countries;in 2022,as inflationary pressures increase,the monetary policies of the central banks of various countries will turn to accelerate the tightening process.From the current situation,there is nothing wrong with the expansionary monetary policies adopted by the central banks of various countries during the epidemic.This round of global inflation is caused by the complexity of monetary policy operations during the impact of the new crown pneumonia epidemic.

关 键 词：中央银行 新冠肺炎疫情 扩张性货币政策 紧缩 

分 类 号：F830[经济管理—金融学]