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frb FRB = Federal Reserve Board ...

frc

It is important for china to better understand the time lag of monetary policy , to use forward - looking monetary policy like frb , to find sensitive leading indicators , to catch the macroecnomy turning point timely , and to avoid economy fluctuation when something doesn “ t prepare well 充分認識貨幣政策效應的時滯問題,借鑒美聯儲運用防微杜漸、先發制人的前瞻性策略,尋求敏感性較好的先行指標,及時把握宏觀經濟的轉折點,避免“臨陣磨刀”使經濟出現劇烈的波動或“大震” 。

Having abandoned monetary supply as intermediate target , frb turns to use real interest rate which can keep a long term stable between price and economy growth while some other countries prefer the inflation target regime 美聯儲放棄貨幣供應量轉而以與物價和經濟增長保持長期穩定相關關系的實際利率作為中間目標,其它一些國家以通脹指標體系作為中間目標。

Learning micro adjustment policy and caution attitude from frb , operating the monetary instruments in a tiny range with a cautious manner , china should keep eyes on confidence control , window guidance and public anticipation 借鑒美聯儲的“微調”政策和謹慎態度,注重信心調控,改進“窗口指導” ,加強對公眾預期利用、引導。

Frb had abandoned the traditional random walk and simple rules , but carried out the neutral rules to achieve the economy growth and price stability with casual steps 美聯儲摒棄傳統的相機抉擇或簡單單一規則,選擇以嚴謹的方式來實現經濟增長與物價穩定的“中性貨幣政策” 。