Tag Archives: Zhou Xiaochuan: Monetary policy should take into account the experience of asset prices behind inflation indicators

[ad_1] Zhou Xiaochuan: Monetary policy should take into account the experience of asset prices underlying inflation indicators Author: Duchuan 　　[ 在中国金融学会会长、央行原行长周小川看来，资产价格不纳入通胀考虑已不行了，怎么纳入还需研究。 ] 　　[ 传统的通胀度量会面临四个方面的不足和挑战。其中之一，是较少包含资产价格会带来失真，特别是长周期比较的失真。通胀在长期度量上存在问题，特别是资产价格如何反映到生活质量、支出结构上。此外还有长期投资回报应折现入当期通胀的问题。 ] “What kind of standard of living can you buy with a specific income? Is the cost of earning a specific income through work very hard, …

Read More »