美国二次量化宽松货币政策研究

2010年11月3日,美联储第二轮量化宽松政策（QE2）正式启动。其主要内容为在维持0-0．25％利率水平条件下,从当日起至2011年6月份前,每月购买750亿美元的长期国债,总购买量为6000亿美元。此举意在降低长期利率,提高通胀预期,降低失业率,促进美国经济尽快复苏。本文主要分析QE2对美国的作用和对中国的影响,并从对冲流动性角度分析中国应对量化宽松政策应采取的措施。

The Second Round of Quantitative Easing

The QE2 was officially launched on November 3,2010.The main contents was the monthly purchase of $ 75 billion long-term bonds,the total purchases of $ 600 billion,maintaining 0-0.25% interest level conditions,from the day before until June 2011.The purpose was to reduce long-term interest rates,increase inflation expectations,reduce unemployment and promote U.S.economic recovery as soon as possible.This article analyzes what QE2 meant to the United States and its impact on China,and suggests measures to be ...