觀點量化寬鬆

Be sure to share your thoughts, Mr Governor
政策思路應讓市場明白


史丹佛大學教授泰萊:美聯準談論退出QE後的市場動盪生動地表明,任何央行退出此類干預是多麼困難。這不是溝通問題,而是政策問題。在此緊要關頭,給新官上任的英國央行行長卡尼幾點建議。

As Mark Carney, the new governor of the Bank of England, sits down for the first time with his colleagues and staff, he will not want for unsolicited advice from around the world. As central-bank balance sheets continue to explode and economic growth languishes, many distinguished economists are expressing concern about the global wave of asset-buying by monetary authorities.

當英國央行(BoE)新任行長馬克•卡尼(Mark Carney)首次與同事和幕僚坐在一起的時候,他不會缺少來自世界各地的諫言。隨著央行資產負債表規模繼續膨脹,加上經濟成長疲軟,許多知名經濟學家對全球貨幣當局掀起的資產購買潮感到擔憂。

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