21世纪货币政策

• 发表：2024-06-13
• 分类：经济管理
• 围观：42

• 音音小肉球

  2022-12-22
  前美联储主席写的书，干货实在太多了，上过几门金融课+拿了cfa一级都看得云里雾里。需要再补充一下经济学和货币方面的知识再回来看其中的逻辑细节
• 艾力风

  2023-01-01
  不得不说写的是真好啊，缺点是不够深入（作为回顾类型的书也不算是缺点）
• 明哥

  2023-01-02
  1. 美联储在制定货币政策时，不得不两头兼顾，左右平衡。但在有些时候，又不得不分清主次，优先解决重要问题。2. 伯南克认为，21世纪的经济跟过去相比，一个显著的特征是中性利率下降，并压缩了传统货币政策的作用空间。3. 在应对经济衰退和金融危机时，央行不得不寻求新的政策工具和管理框架，包括量化宽松、决策透明化、前瞻性指引在内的政策创新，都已被证明是行之有效的，并成为央行政策工具箱的一部分。

• 目送飞鸿

  2022-07-04
  The value of the neutral interest rate, R*, which helps determine total monetary firepower, is however another source of uncertainty for policymakers. The value of R* can’t be observed, only estimated, and, as we’ve seen, the Fed’s estimates of this key variable have fallen substantially over time. For the United States, consistent with the Fed’s 2021 estimate of 2.5 percent, most studies currently estimate the nominal neutral rate to be in the range of 2 to 3 percent—or, 0 to 1 percent in real, inflation-adjusted terms, assuming inflation expectations are close to the Fed’s 2 percent target.
• 目送飞鸿

  2022-07-04
  My main finding was that QE, supplemented by forward guidance that commits policymakers to lower-for-longer rate policies, can provide the equivalent of about 3 additional percentage points of policy space. In other words, if the neutral interest rate is 2.5 percent, forceful use of QE and forward guidance can provide the Fed with total monetary firepower equivalent to roughly 5.5 percentage points of traditional rate cuts—close to its normal response to typical recessions before the lower bound became a problem. However, in a deeper-than-average recession that requires more than 5.5 percentage points of policy response, even forceful use of the new monetary policy tools would probably prove insufficient to compensate fully for the effects of the lower bound.…However, given the many assu...
• 目送飞鸿

  2022-07-04
  Although the effectiveness of new monetary tools depends on many factors, we have seen that a key determinant is the level of the (nominal) neutral interest rate, R*.

• 经济管理
  
  响应式网页设计——-Bootstrap开发速成
• 经济管理
  
  普通高中教科书 化学 必修 第一册
• 经济管理
  
  Bootstrap与jQuery UI框架设计（前端开发工程师系列）
• 经济管理
  
  微观经济学批判
• 经济管理
  
  L’età della codificazione（解法典化的时代）
• 经济管理
  
  人工智能导论
• 经济管理
  
  C++编程自学宝典
• 经济管理
  
  打赢增长战：企业第一增长法