analysis of the effectiveness of current monetary policy（分析当前货币政策的有效性）.doc

Analysis of the effectiveness of current monetary policy [Abstract] Since 2006, the trend of China’s economy is overheating, the face of current economic conditions, the central bank issued a series of monetary policy control. This will be the development of China’s central bank targets the monetary standard, the evaluation in 2006 to 2007’s macro-control effectiveness of monetary policy according to the current economic situation of the impact of monetary policy and monetary policy, the existence of its own characteristics, and the central bank to implement monetary policy, come to affect the effectiveness of monetary policy various reasons and finally affect the effectiveness of monetary policy for the reasons put forward to improve the effectiveness of monetary policy recommendations. [Key Words] the effectiveness of central bank monetary policy At present, China’s rapid economic development, asset prices continue to climb, rising prices, excess liquidity, RMB appreciation, so the special economic situation is unprecedented. Central Bank monetary policy has been implemented many times, but in today’s complex economic environment, the currency policy can play its due role in this paper to explore this issue. A literature review 1 Western economics debate about the effectiveness of monetary policy Primary schools in Western economics, the Keynesian and monetarist identity role of monetary policy, and rational expectations school has put forward different views. (1) Keynesian Keynes that “the number of effective savings of investment is set at the number of full employment in the limit, but to encourage investors to lower interest rates so we had better refer to the marginal efficiency of capital of the table, the interest rate reduced to that can achieve full employment. “can be seen, although the preference for Keynesian fiscal policy, but it does not negate the role of monetary policy. After Keynesian Hansen, Samuelson, Solow an