毕业论文我国货币政策中介目标的选择.doc

毕业论文我国货币政策中介目标的选择 本科生毕业论文 我国货币政策中介目标的选择 姓 名 学 号 专 业 指导教师 摘 要 货币政策理论是关于货币政策的最终目标、操作工具、中介指标、作用、传导机制、操作规则以及有效性等方面的理论。中央银行为实现调节经济的最终目标，往往借助各种政策工具影响中介目标，进而达到调节经济的目的。一般来说，货币政策的中介目标包括通货膨胀率、利率、货币供应量、贷款总量和汇率。我国先后经历了以信贷规模和现金控制到以公开市场操作为主、和货币供应量作为中介目标的间接调控措施，再到以货币供应量作为我国货币政策中介目标的调控过程，而随着国内外经济环境的复杂化，在新的经济形式下，单纯以货币供应量、利率、汇率和贷款规模作为中介目标都存在着一定的缺陷。而不合适的货币政策中介目标必然无法对于最终目标的实现起到良好的反应作用。通货膨胀目标制的良好实践效果在大部分西方发达国家得到了实证数据的支持，将通货膨胀率作为货币政策中介目标的呼声越来越高。通过结合我国当前经济背景，深刻分析影响我国货币政策中介目标有效性的因素以及中介目标的选择问题，分析通货膨胀目标制在中国的适用性。 关键词：货币政策；中介目标；通货膨胀率错误！未找到引用源。 Abstract Monetary policy theory is the ultimate goal of monetary policy, operating tools, intermediate indicators, the role of transmission mechanisms, operating rules and the effectiveness of other aspects of theory. The central bank to achieve the ultimate objective of economic regulation, often with a variety of policy tools to influence intermediate targets, thus achieving the purpose of regulating the economy. In general, the intermediate target of monetary policy, including inflation, interest rates, money supply, loan amount and exchange rates. China has experienced a scale of credit and cash control to the main open market operations, and the money supply as an intermediate target of the indirect control measures, then the money supply as the intermediate target of monetary policy, the regulation process, and as domestic outside the complex economic environment, in the new economic form, simply to money supply, interest rates, exchange rates and loan size as an intermediary targets the existence of certain defects. The intermediate target of monetary policy inappropriate must not play for the ultimate objective of the role of a good response. Inflation targeting effect of good practice in most Western countries has been supported by empirical data, the inflation rate as intermediate target of monetary policy, increasing demands. By combining the current economic background, a profound analysis of the effectiveness of our