经济与管理研究2018，Vol.39Issue(4)：26-41,16.DOI:10.13502/j.cnki.issn1000-7636.2018.04.003
非对称部门冲击、经济波动与结构性货币政策
Asymmetric Sector Shocks,Economic Fluctuation and Structural Monetary Policy
摘要
Abstract
This paper constructs a multi-sector New Keynesian model with different interest rates,aiming to effectively reduce the degree of economic fluctuations in the face of asymmetric sector shocks.Afterwards,four types of monetary policy rules are introduced into the model respectively for simulation.The results show that the variance and range of fluctuations in the output gap and the inflation gap under the differential interest rate policy are relatively small.When the central bank's loss function is used to examine all kinds of monetary policy rules,the differential interest rate policy with constant monetary growth rule always leads to the smallest loss function value and thus is theoretically the best structural monetary policy rule.关键词
非对称部门冲击/粘性价格模型/差异利率政策Key words
asymmetric sector shock/sticky price model/differential interest rate policy分类
管理科学引用本文复制引用
吕风勇..非对称部门冲击、经济波动与结构性货币政策[J].经济与管理研究,2018,39(4):26-41,16.基金项目
国家社会科学基金重大项目"外部冲击和结构性转换下的中高速增长和中高端发展研究"(15ZDC010) （15ZDC010）
