中国经济蝶变的阵痛

当被问及中国正在经历的经济增长减速是否健康时,布里顿教授回答得十分肯定：是的。受交大高级金融学院（SAIF）邀请,美国杜克大学Fuqua商学院William W.Priest金融学讲席教授、杜克大学Fuqua商学院原院长道格拉斯·布里顿（Douglas Breeden）,作为国际评估委员会专家于今年3月赴上海,在评估和演讲间隙,对话《中国房地产金融》,从利率和汇率管窥蠡测,研判世界经济的整体趋势,及中国经济处于蝶变必将经历的阵痛和挑战。期权预测利率央行政策对市场的利率影响是布里顿教授近期关注的焦点。他的最新研究表明,美联储和欧洲央行的政策会影响未来的利率分布。对于市场投资者来说,他们最关心的是这个结论的实际价值——现实中,我们能否从现在和过去的央行经济政策中管窥蠡测未来的经济趋势？

Readjustment Pains of China ＇s Economy

When asked whether a slower growth is healthy for China＇s economy, Prof. Breeden＇s answer is positive： Yes.Interest foresight through options prices In his recent study, Prof Douglas Breeden illustrates from solid and substantial data that policy actions taken by the Federal Reserve and the European Central Bank affect the distribution for future interest rates. In practice, how can it be used by market participants to measure policy impacts？ That is first and foremost on the mind of investors from around the globe.