货币政策:价格vs数量

IF 1.2 Q3 ECONOMICS National Institute Economic Review Pub Date : 2023-09-13 DOI:10.1017/nie.2023.14

Ben Broadbent

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引用次数: 1

摘要

货币政策的传导是否应该从其对利率和债券收益率或货币总量的影响来理解?本文考虑了过去和最近的这些总量与通货膨胀之间的关系。并解释了货币政策委员会如何在其预测中考虑“QT”。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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MONETARY POLICY: PRICES VERSUS QUANTITIES

Abstract Should the transmission of monetary policy be understood in terms of its impacts on interest rates and bond yields, or monetary aggregates? This article considers the relationship between those aggregates and inflation, both over the past and more recently. And explains how the MPC takes account of “QT” in its forecasts.

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来源期刊

National Institute Economic Review ECONOMICS-

CiteScore

3.70

自引率

9.50%

发文量

期刊介绍： The National Institute Economic Review is the quarterly publication of the National Institute of Economic and Social Research, one of Britain"s oldest and most prestigious independent research organisations. The Institutes objective is to promote, through quantitative research, a deeper understanding of the interaction of economic and social forces that affect peoples" lives so that they may be improved. It has no political affiliation, and receives no core funding from government. Its research programme is organised under the headings of Economic Modelling and Analysis; Productivity; Education and Training and the International Economy.