中国货币政策调控工具的操作机理：2001-2010

    基金：本文是国家社科基金重大招标项目（项目批准号：0915-ZD036）的阶段性研究成果.殷剑峰、彭兴韵、董欲平和蔡真等对本文初稿提出了修改意见,在此一并表示感谢.感谢匿名审稿人的宝贵意见.当然,文责自负.
    摘要：对2001-2010年间中国货币政策的操作工具进行系统分析，可以发现，提高法定存款准备金率和发行人行债券在整体上并无紧缩效应，提高存贷款利率有着信贷扩张效应，与这些政策手段相比，调控新增贷款规模的有效性最高。“十二五”期间中国货币政策体系进一步完善需要解决好五个问题：完善人民银行资产负债表结构、完善中间目标和操作手段、积极推进存贷款利率的市场化、完善货币政策最终目标和构建逆周期的金融宏观审慎管理制度框架。
    关 键 词：货币政策 调控工具 内在机理
    分 类 号：F822.0
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