9 同济大学 经济与管理学院 TONGJI UNIVERSITY SCHOOL OF ECONOMICS MANAGEMENT Chapter 10 Monetary Policy 货币政策 中国经济 下率，兴怒济
Chapter 10 Monetary Policy
The Economics of Money and Banking Chapter 10 Monetary Policy >>>Agenda Targets of Monetary Policy Monetary Policy Instruments Transmission Mechanism and Intermediate Targets of Monetary Policy ■ Potency of Monetary Policy ● ● ● 2 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 2 GUO YING SEM TONGJI UNIVERSITY Targets of Monetary Policy Monetary Policy Instruments Transmission Mechanism and Intermediate Targets of Monetary Policy Potency of Monetary Policy Chapter 10 Monetary Policy Agenda
The Economics of Money and Banking Chapter 10 Monetary Policy 》》 Monetary Policy 1 Definition Money policy refers to the policy and measures that a central bank Targets of Monetary adopts regarding regulating and controlling of money supply and money circulation in order to realize the present economic targets. Content Monetary targets;Monetary policy instrument; Policy Transmission mechanism;Intermediate targets of monetary policy Potency of monetary policy 3 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 3 GUO YING SEM TONGJI UNIVERSITY 1 Monetary Policy Targets of Monetary Policy Money policy refers to the policy and measures that a central bank adopts regarding regulating and controlling of money supply and money circulation in order to realize the present economic targets. Definition Monetary targets; Monetary policy instrument; Transmission mechanism; Intermediate targets of monetary policy Potency of monetary policy Content Chapter 10 Monetary Policy
The Economics of Money and Banking Chapter 10 Monetary Policy 》》 Four Targets of Monetary Policy 1 Economic growth:the growth of a nation's GDP Targets of Monetary Price stability:the stability of currency value and control of inflation without any great change of the price level within a certain period Full employment people who are able and willing to work can find Policy suitable jobs at the present wage level. Balance of payment equilibrium 4 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 4 GUO YING SEM TONGJI UNIVERSITY 1 Four Targets of Monetary Policy Economic growth: the growth of a nation’s GDP Price stability: the stability of currency value and control of inflation without any great change of the price level within a certain period Full employment : people who are able and willing to work can find suitable jobs at the present wage level. Balance of payment equilibrium Targets of Monetary Policy Chapter 10 Monetary Policy
The Economics of Money and Banking Chapter 10 Monetary Policy 》》》 Unity and Conflict of the Targets of Monetary Policy 1 Price stability and full employment Targets of Monetary Policy Price stability and economic growth Price stability and balance of payment equilibrium Economic growth and balance of payment equilibrium 5 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 5 GUO YING SEM TONGJI UNIVERSITY 1 Unity and Conflict of the Targets of Monetary Policy Targets of Monetary Policy Price stability and full employment Price stability and economic growth Price stability and balance of payment equilibrium Economic growth and balance of payment equilibrium Chapter 10 Monetary Policy