摘要: 美国量化宽松政策没有降低失业,没有减小期限利差,却减小了抵押利差,并促使预期通胀略有上升; 利率下降并没有带动银行贷款增加和房价上涨,却推动了股市上涨,促进了美元贬值进而拉动了出口; 中国期限利差与美国期限利差之间存在动态关联,美元贬值导致中国通胀上升且效果显著,而中国短期国际资本流动受美国量化宽松政策影响较小。
中图分类号:
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