This idea of ??the effects of policies for the evaluation criteria should be completely abandoned, accordingly, should be taken in the second evaluation criteria, whether the monetary policy to make the economy run more health, monetary policy should serve the economy, rather than the government's target. From this standard, the monetary policy of the past decade is not successful, because the degree of liberalization of the economy has not improved in the past decade, no relaxation of financial regulation, the monopoly of state nike air max 95 360 sale
-owned financial has not diminished, but has been strengthened by the currency ultra hair, learn a lot of social wealth to the state-owned financial sector and earn a lot of ill-gotten gains.?Is not difficult to find, the Private Finance has not been fully developed in the past decade, the monetary policy to maintain the vested interests of the state-owned financial sector. From these aspects, the monetary policy of the past decade have failed miserably.Phoenix: Zhou Xiaochuan said in his speech, China's monetary policy to take a multi-targeting: keeping inflation low, the second to promote reasonable growth of the economy, and the third to maintain full employment, the fourth maintenance of international balance of payments. Maintaining low inflation is one of the g nike air max classic uk sale
oals. Zhou Xiaochuan said that, in terms of inflation, compared with other BRIC countries performed well. How do you think about this position Monetary policy should be the mission should not take so many ?Monetary policy in many countries are taking a single target, that is to control inflation as the only target, "multi-targeting" is considered to be a feature of China's monetary po nike air max ltd uk sale
licy over the past decade. Clearly, however, monetary policy can not simultaneously achieve these goals, there is a conflict between these goals, the first goal is to maintain low inflation "and the latter three goals between each other" fight ".?In fact, in the past decade, we are the "inflation" in exchange for reasonable growth "economic," full employment "and" Balance of Payments ", this statement is in fact not an exaggeration, because the largely positive loose monetary policy to stimulate economic growth, low inflation, "apparently did not, whether it is from the extent of the credit expansion and the extent of price