On Monetary Policy Based on Monetary Assets Prices
WU De-jin
Abstract
WU De-jin
Abstract
With the development of sign economy,which takes financing as the core, the monetary policy transmission mechanism varies a lot. Here is a question : wether monetary policy should adjust the general price index including monetary assets prices.The analysis indicates that monetary policy should fix on monetary assets prices.However, as the main target under the situation , macro-economy is much influenced by the security market volatility.
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With the development of sign economy,which takes financing as the core, the monetary policy transmission mechanism varies a lot. Here is a question : wether monetary policy should adjust the general price index including monetary assets prices.The analysis indicates that monetary policy should fix on monetary assets prices.However, as the main target under the situation , macro-economy is much influenced by the security market volatility.
Key concepts: Monetary policy, Economics, Monetary economics, Credit channel, Monetary hegemony, Monetary base, Volatility (finance), Real economy