Research on China's Monetary Policy Objects
LI Nian-zhai
Abstract
LI Nian-zhai
Abstract
Monetary policy objects are the kernels of monetary policy system, the effect of monetary policy depends on whether those objects have been fulfilled. In this paper, we reviewed the formation cause of China's present two different monetary policy objects, and think that China's monetary policy objects will keep on in recently, but they will change to four objects in the future. China's monetary policy should pay close attention to the stabilization of financial market though there are a lot of difficulties on the operation.
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Monetary policy objects are the kernels of monetary policy system, the effect of monetary policy depends on whether those objects have been fulfilled. In this paper, we reviewed the formation cause of China's present two different monetary policy objects, and think that China's monetary policy objects will keep on in recently, but they will change to four objects in the future. China's monetary policy should pay close attention to the stabilization of financial market though there are a lot of difficulties on the operation.
Key concepts: Monetary policy, Monetary hegemony, China, Economics, Credit channel, Monetary economics, Monetarism, Monetary system