为什么中央银行需要保持清晰的政策意图、灵活的分析方法和谦卑的自省精神  

Why Central Banks Need to Maintain Clear Policy Intentions,a Flex⁃ible Analytical Approach,and a Humble Spirit of Introspection

作　　者：克里斯蒂娜·拉加德 王宇(译)[2] Christine Lagarde;Wang Yu

机构地区：[1]欧洲中央银行 [2]中国人民银行研究局

出　　处：《金融发展研究》2023年第11期34-37,共4页Journal Of Financial Development Research

摘　　要：过去三年间新冠疫情、地缘政治冲突和国际市场动荡等的冲击,使得劳动力供求关系和工作方式、全球能源供给结构以及国际贸易制度发生深刻变化。面对这些变化,企业开始调整定价策略,大幅上调产品出厂价格,而劳动力市场的供给紧张状况也提高了工人的议价能力,这都成了2022年世界性通货膨胀的重要推手。目前,价格机制能否调节全球供求关系走向再平衡尚不可知。在这个经济金融环境快速变化、充满不确定性的新时代,要想保持货币政策制定的有效性和货币政策操作的稳健性,中央银行需要坚持清晰的政策意图、灵活的分析方法和谦卑的自省精神。Over the past three years,shocks such as the COVID-19 pandemic,geopolitical conflicts and interna‐tional market turbulence have caused profound changes in the relationship between labor supply and demand and work‐ing methods,the global energy supply structure and the international trading system.In the face of these changes,en‐terprises began to adjust their pricing strategies,significantly increasing the price of products,and the tight supply sit‐uation of the labor market has also improved the bargaining power of workers,which has become an important driver of world inflation in 2022.At present,it is unclear whether the price mechanism can regulate the rebalancing of global supply and demand.In this new era of rapid changes and uncertainties in the economic and financial environment,to maintain the effectiveness of monetary policy formulation and the robustness of monetary policy operations,central banks need to adhere to clear policy intentions,flexible analytical methods and humble introspection.

关 键 词：货币政策 供求关系 通货膨胀 不确定性 

分 类 号：F830[经济管理—金融学]