CAJ | 학술논문

2008年次贷危机爆发后,各国为应对迅速恶化的经济和金融状况,纷纷开始实行非传统的货币政策来刺激经济,向金融市场的私人部门和金融机构注入大量的流动性。在美国经济缓慢复苏的同时,大量流动性引发了人们对通货膨胀的担忧。在这种情况下研究非传统货币政策是否应该退出、如何退出,就对经济发展起到至关重要的作用,成为美联储的当务之急。
2008년차대위궤폭발후,각국위응대신속악화적경제화금융상황,분분개시실행비전통적화폐정책래자격경제,향금융시장적사인부문화금융궤구주입대량적류동성。재미국경제완만복소적동시,대량류동성인발료인문대통화팽창적담우。재저충정황하연구비전통화폐정책시부응해퇴출、여하퇴출,취대경제발전기도지관중요적작용,성위미련저적당무지급。
after the crisis in 2008,the US Federal Reserve began to implement unconventional monetary policies to stimulate the economy,and injected substantial liquidity to the financial institution and private department.With the economy slowly resuscitate,the large quantities of liquidity induced the public to worry about inflation.Under these circumstances,whether the unconventional policies should exit,and how to exit have become an emergency for US Federal Reserve,and the topic has received much attention.The paper analyzed the main macroeconomic indexes and financial indexes in detail,and found that although some financial indexes have come to normal,the macroeconomic indexes are still not good,especially the multiplier is very low,which reflected the balance sheet of banks and private department have not repaired,the unconventional monetary policies need not to exit,but we should get ready for the plan to exit.