intermediate target of monetary policy meaning in English
金融政策的中期目标
Examples
- Criterions of selecting intermediate targets of monetary policy can not be used as sufficient conditions
货币政策中介目标选择标准不宜作为充分条件 - My intermediate target of monetary policy at this stage is the total money supply , which means that the pboc will adopt to control money supply aggregates to achieve macroeconomic regulation
现阶段我国货币政策的中介目标是货币供给总量,这意味着中国人民银行将通过调控货币供应总量实现宏观经济目标。 - Considering the expediency of the money supply as our current intermediate target of monetary policy , we must pitifully admit that serious problems exist in its measurability , availability , relatedness to goal , and anti - disturbance . the cause lies in the fact that we are still under the economic institutional change , which presents many uncontrollable factors to operation of monetary policy as well as block the transmission mechanism of monetary policy
其原因主要在于,我国处在经济转轨时期,一方面金融市场化改革、金融创新的进程日益加快,货币政策操作所面对的不确定因素大大增加,另一方面金融深化的进程还在继续,金融环境中尚有不满足市场经济条件的因素,使得货币政策传导机制不够畅通。 - Therefore , the reformation to the current intermediate target of monetary policy is necessary for the further development of our economy and the efficiency of macroscopic readjustment and control . after comparing of several intermediate targets , this paper constructs a system of intermediate targets of monetary policy , or “ a basket of intermediate targets ” , suggests that the rate of inflation should be a major target with money supply , money market rate and other indexes as the sub - targets subservient to the decision of inflation target
通过对可供选择的利率目标制、通货膨胀率目标制以及汇率目标制的比较分析,以及对他国经验的考察,本文构建了一个未来的货币政策中介目标体系,提出将通货膨胀率作为主目标,货币供应量、货币市场利率等作为主目标决策系统中的次级监测目标的“通货膨胀中介目标篮子” ,或者说一个中介目标体系,其本质上属于通货膨胀率目标制。 - The intermediate targets of monetary policy are essential to the success of monetary policy . the choice of intermediate targets of monetary policy depends on the economic conditions such as the stages of economic growth , the banking system , the development of financial market , as well as the institutional reform
在实际的经济中,中介目标的选择是由一国所处的经济发展阶段、银行体系与金融市场的发育状况、体制与制度规则的变迁以及货币政策最终目标乃至政策工具等综合决定的,也必然要随着这些条件的改变而改变。