The New Normal Economic And The Orientation Regulation Of Monetary Policy

With the development of market economy and the new normal economy, some unreasonable factors of economic structure in our country are also obviously increased, economic restructuring is gradually changed. Monetary policy as an important means of macroeconomic regulation plays an important role in the process of economic structural adjustment. Accent our country is in a superposition of three stages, the overall economic situation is relatively stable, at the same time, resources and environment carrying excessive, insufficient internal impetus driving economic growth, downward pressure on the economy and the rise in financing costs and other issues have become increasingly prominent. Therefore, in order to adapt to the economic development of monetary policy, the government should give full play to the role of monetary policy in economic growth, deepening reform, making flexibly choice of tools of monetary policy, improving the ability of financial services in the real economy, promoting the healthy development of the economy. In this paper, the problems related to the economic and monetary policy under the new normal is divided into six chapters to discuss. The first chapter is the introduction of the background of the development of the new economic norm, this leads to the research content, to achieve the economic stably developing goals, the angle of directional control of monetary policy are analyzed, explaining the meaning of this research, review the relevant literature at home and abroad, expounds the research ideas, contents and methods of this paper, and puts forward possible innovation and deficiencies. The second chapter is divided into three parts to carry on the analysis of the new normal economic and monetary policy framework. The first part described the new changes of the factors in economic growth of China. Analyzing from the international and domestic factors aspects, pointing out the opportunities and challenges for China’s economic development; the second part, the characteristics of "new economic norm in three aspects", mainly about the economic growth rate, economic growth impetus and optimization of economic structure; third part, a new framework for the new normal monetary policy, putting forward new ideas of monetary policy from a macro perspective. With the transformation of the orientation of monetary policy regulation, third chapter is divided into two parts, the transition from the demand structure, supply structure, industrial structure and concrete analysis of dynamic mechanism of economic growth, and according to this change the orientation of monetary policy regulation is put forward. The fourth chapter, the orientation of monetary policy adjustment and the adjustment of the economic structure, this chapter is divided into three parts to explain. The first part has analyzed American economic structure adjustment and monetary policy after the financial crisis, and put forward the experience and Enlightenment to our country; the second part describes the adjustment of monetary policy in recent years and the stage characteristics of economic structure in our country; the third part according to economic development situation and the status of the economic structure in China, giving some advice about the corresponding directional regulation of monetary policy. The fifth chapter interval regulation and monetary policy directional adjustment, according to the requirements of the regulation range from two parts to analysis, the first part is the bottom line of thinking of economic growth and monetary policy directional adjustment, combined with the reality of development according to the requirement of the economic growth in the bottom line of thinking of monetary policy suggestions; the second part about inflation targeting and monetary policy, making based on some analysis in the regulation of the range of inflation, the sustained economic growth in the range of reasonable monetary policy. The sixth chapter is a summary, the comprehensive are summarized, and some conclusions, further deepen the topic.