China's Monetary Policy Rules Studied The Relevant Issues

"Law About People's Bank Of China" Stipulate Of Our Country Main Goal Of Monetary Policy Clearly " Stability To Keep Value Of Money , People Of Chinese People ,, So As To Promote The Economic Growth ".. Should Adopt What Policy Tool And Intermediary Goal Come , Realize Final Goal Become Pay Close Attention To And Problem Of Dispute Extremely. In 1993, The People's Bank Announced The Money Supply Index To The Society For The First Time, This Indicated, After Going Through The Impact Of The Situation Out Of Control Of The Finance Of The Beginning Of 1990s, The People's Bank Realize That Utilizes Credit Scale And Cash To Throw In And Transfer The Defect Of The Empty Mechanism As The Monetary Policy Of Tool Of The Policy. The People's Bank Begins To Turn To And Regard Money Supply As The Intermediary Goal Of The Monetary Policy Progressively . From The 1996, The People's Bank Adopt Money Supply M1, M2 Transfer Empty Goal As Monetary Policy, Central Bank Cancelled The Control Of The Credit Scale In 1998, Further Established The Status As Middle Goal Of Money Supply. But Practical Operation In The Past Few Years Indicate , Come Up To Look With Related Degree Of Final Goal In Controllability , Measurability As Intermediary Money Supply Index Of Goal, Can't Make People Satisfied . Goal Of Money Supply Value Unable To Realize Not Merely, It Measure Requirements Cause The Dispute, Moreover Change Trend Of Money Supply Appear , Appear Situation That Inconsistent Too With Price , Trend Of Economic Growth (Xia Bin,Etc., 2001). Scholars Are Proposing Constantly , We Should Consult Taylor's Rule Since 01, Regard Interest Rate As And Adjust...