On the Asset Prices and Monetary Policy
总结相关理论,从通货膨胀机制角度讨论货币政策与资产价格的关系,提出应建立更关注资产价格波动的货币政策框架。
In the context of the global financial crisis,there is a debate on whether monetary policy should respond to asset price volatility.In this paper,the relevant theory is summarized,and the relationship between monetary policy and asset prices is discussed from the perspective of the mechanism of inflation.Monetary-policy framework should been established which paid more attention to asset price volatility.