紧缩的货币政策_紧缩货币政策
紧缩的货币政策由刀豆文库小编整理，希望给你工作、学习、生活带来方便，猜你可能喜欢“紧缩货币政策”。
今年以来，货币政策坚持从“紧”，紧缩措施出台频繁，尤其是对法定存款准备金率、存贷款基准利率的上调频率为历史罕见。但从货币政策的实施效果来看，货币政策存在一定的低效性。
1、2007年货币政策紧缩力度空前加大。2007年以来，货币政策继续稳健偏紧，紧缩措施出台密集。截至目前，央行已先后五次上调存贷款基准利率，八次上调法定存款准备金率，六次发行定向央行票据，货币政策的紧缩力度是空前的。
货币政策从紧的势头并非从今年才开始。自 2001年经济进入新一轮增长周期后，为防止经济过热，政府先后启动了两轮宏观调控。一是2003-2004年的宏观调控，另一是2006年下半年至今的宏观调控。在2003-2004年的宏观调控中，货币政策坚持稳健偏紧，先后上调法定存款准备金率两次，加息一次，此外，还采取了窗口指导等信贷政策手段。事实上，自2003年稳健的货币政策由“松”转“紧”以来，货币政策紧缩的基调一直没有改变。所以2006年下半年至今的新一轮调控实际上是2003年以来紧缩调控的延续，只不过紧缩力度要远远大于前一轮。
This year, monetary policy, insist on “tight”, frequent introduction of austerity measures, especially for the statutory deposit reserve ratio raised benchmark deposit and lending interest rates, frequency of rarely seen in history.However, the implementation of monetary policy effects of view, monetary policy, there is a certain inefficiency.1,2007 on unprecedented efforts to increase the monetary policy tightening.Since 2007, monetary policy continues to sound tight, intensive introduction of austerity measures.Up to now, the central bank has raised benchmark deposit and lending has interest rates five times, eight times the statutory deposit
reserve ratio increase, the six central bank bills iued orientation of monetary policy tightening efforts is unprecedented.The momentum of monetary policy tightening is not only started this year.Since 2001 the economy entered a new growth cycle, in order to prevent the economy from overheating, the government has launched two rounds of
macro-control.First, the macro-control in 2003-2004, and the other since the second half of 2006 the macro-control.In 2003-2004, the macro-control,prudent monetary policy is tight, has raised the statutory deposit reserve ratio twice, raising interest rates once, in addition to the window guidance credit policy means.In fact, since 2003, a stable monetary policy by the “loose” turn “tight” since the tightening of monetary policy has not changed the tone.Therefore, since the second half of 2006 a new round of regulation since 2003 is actually a continuation of tight regulation, but the intensity is much tighter than the previous round.
