Analysis Of The Fictitious Economic Impact On Monetary Policy

This text studies the selected title of the monetary policy under fictitious economic terms, using financial theory and method, sets up a comparatively intact analysis frame, and trying hard to play a role in casting a brick to attract jade, in order to help progress of fictitious economic research and the controlling of monetary policy implementing effect. The thesis defines the fictitious economic categories studied, the new characteristic of fictitious economy at first, fictitious economic development overview of countries all over the world; Then explains the choice in such regulation and control variables as the final goal, intermediary's goal, policy tool of the monetary policy, etc., such traditional theories as the conduction mechanism and result of the monetary policy, etc.; Then analyses fictitious economy through influencing such function conduction mechanisms of real economy correctly as wealth assigning, stock right change, one's own information transmission, etc., thus draws the fictitious economic impact on every variable of the monetary policy, and the conduction mechanism and validity of the monetary policy under the fictitious economic condition. Draw fictitious appearance of economy make monetary policy final goal towards diversified to develop, the argument that the monetary policy conduction mechanism is more complicated, and that fictitious economy makes the function foundation of the monetary policy change etc.. Thesis from angle that real example analysis, takes domestic and international capital market and virtual actual conditions of real estate as an example at first finally, analyses that implements the influence that is received in the course, and the measure in time adopted toward this of monetary policy in monetary policy. Real estate price will produce violent to fluctuate like financial assets on other capital markets, the strong fluctuation of and the price of real estate are exactly an important characteristic of fictitious assets. Important tool as macro adjustments and controls of monetary authorities of one country's monetary policy should play its key role. Secondly, on the basis of the thing that the theory and real example are analyzed, whether should be adjusted while probing into China's monetary policy, concrete to adjust how about it will be measured, reach appropriate to guarantee economic security, healthily, fast, final goal that increase effectively while developing fictitious economy.