流动性陷阱:现实、产生机理与政策
The Liquidity Trap:Reality,Productive Mechanism,and Policy
作者:雷国胜;
Author:
收稿日期: 年卷(期)页码:2009,(06):-83-89
期刊名称:四川大学学报(哲学社会科学版)
Journal Name:Journal of Sichuan University (Social Science Edition)
关键字:流动性陷阱;货币政策;泰勒规则
Key words:
基金项目:教育部基金资助项目“货币政策动态优化与调整”(08JC790082)研究成果
中文摘要
流动性陷阱限制了中央银行利率工具的使用并极易诱发严重的经济金融问题。探讨流动性陷阱产生机理的一种新解释,提出如果货币当局长期执行以泰勒规则为代表的反通胀战略以稳定真实利率的货币政策,通胀预期的变动会对通货膨胀产生超调,形成爆炸性路径,最终名义利率降到流动性陷阱水平。根据这种产生机理提出着眼于真实经济的逃离流动性陷阱的政策建议。
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