预测、指标和货币政策

The China business review Pub Date : 1999-01-01 DOI:10.4324/9780429270949-14

Keith Sill

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引用次数: 8

摘要

在制定货币政策时，政策制定者是否应该以大宗商品价格或利差等对市场通胀预期敏感的变量为目标?还是说，货币增长等与通胀和经济增长的根本原因有关的变量，是更好地反映经济走势的指标?Keith Sill在回顾过去和现在的指标时考虑了这些问题

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Forecasts, Indicators, and Monetary Policy

When setting monetary policy, should policymakers target variables such as commodity prices or interest rate spreads, which are sensitive to the market's expectations of inflation? Or are variables such as money growth, which are tied to the underlying causes of inflation and economic growth, better indicators of the economy's path? Keith Sill considers these questions as he reviews indicators past and present

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The China business review

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