【作者】 孙志贤；

【导师】 王林生；

【作者基本信息】 对外经济贸易大学 ， 国际贸易， 2005， 博士

【摘要】 自1984年中国人民银行专门行使中央银行职能,我国现代意义上的货币政策正式形成。从实际效果看,货币政策在我国并未有效完成预期目标,而且在1998年转为间接调控之后,货币政策的效应进一步弱化。其原因可以归结到目前我国还没有建立一个有效的货币政策传导机制。温家宝总理在2005年3月的十届人大三次会议的政府工作报告中明确指出,加快金融体制改革,是关系我国改革和发展全局的重要任务,是当前我国经济体制改革的重点领域和关键环节。而对货币政策传导机制的研究涉及了金融体系的诸多深层次问题。因此,目前在我国研究货币政策的传导机制问题深具现实意义。以往对此问题的研究集中于分析货币政策主要通过哪种渠道传导。但这种分析需要基于高效的市场经济金融体系和货币政策传导载体的灵敏反应,而这却是我国货币政策传导机制中欠缺的。本文采用实证分析与规范分析相结合、理论与实践相结合的方法,通过纵向和横向比较分析,依次研究我国货币政策传导机制中的中央银行、金融市场(货币市场、资本市场、外汇市场)、商业银行、企业和居民这几个环节,力求深入、细致地找出货币政策传导机制中各个环节所存在的阻滞有效传导的问题,并尝试提出相应的建议。更多还原

【Abstract】 Since 1984 when the People’s Bank of China began to work as the central bank, the monetary policy transmission mechanism formally introduced in China. But it have not achieved the expected target effectively, and even weakened further after 1998 when the policy turned to used indirect instrument. The reasons in the end can be rooted by one problem that there is no effective monetary policy transmission mechanism in China yet. Premier Wen Jiabao has clearly pointed out in the government working paper in 2005 that financial reform is the important task affecting the future of the economic reform. And the study of monetary policy transmission mechanism touches the deeper level of financial system. Therefore in our country, to study the monetary policy transmission mechanism nowadays is significant. The previous researches mainly focused on the function of different transmission channels, but they must base on the efficient market financial system and the sensitive reaction of the monetary policy transmission carriers, while in our country nowadays it is not realistic. This thesis is studied by combining the positive analysis and normative analysis, combining the theory and practice and by vertical and horizontal comparison. According to the main order of monetary policy transmission, this thesis discusses the problems of central bank, financial market, commercial banks, enterprises and consumers in turn and tries to advance some suggestions.更多还原