... interest rates iberalization利率市场化 intermediate target中介目标 issue money货币投放 ...
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intermediate target of monetary policy 金融政策的中期目标
Since 1996, The People's Bank of China has taken the money supply as the intermediate target of monetary policy.
1996年以来,中国人民银行一直采用货币供应量作为我国货币政策的中介目标。
参考来源 - 我国货币乘数研究 （研究生论文）Having abandoned monetary supply as intermediate target, FRB turns to use real interest rate which can keep a long term stable between price and economy growth while some other countries prefer the inflation target regime.
美联储放弃货币供应量转而以与物价和经济增长保持长期稳定相关关系的实际利率作为中间目标，其它一些国家以通胀指标体系作为中间目标。
参考来源 - 论货币政策调控艺术·2,447,543篇论文数据，部分数据来源于NoteExpress
Therefore, it's very important to select the appropriate intermediate target.
因此，选择合适的中介目标至关重要。
Thus, for different economies or monetary ultimate targets, the choice of the optimal intermediate target may be different.
由此可见，对于不同的经济体或者不同的货币最终目标，最优中介目标的选择可能有所不同。
The academia have an ongoing debate about the choice of the optimal monetary intermediate target among interest rates, simplesum monetary aggregates and Divisia monetary aggregates.
学术界围绕最优货币中介目标的选择，在利率、简单加总货币量、迪维西亚货币量之间争论不休。
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