{"id":4061,"date":"2014-06-06T07:09:23","date_gmt":"2014-06-05T23:09:23","guid":{"rendered":"http:\/\/ec.moneydj.com\/joe\/?p=4061"},"modified":"2014-07-18T17:17:53","modified_gmt":"2014-07-18T09:17:53","slug":"%e6%ad%90%e6%b4%b2%e5%a4%ae%e8%a1%8c%ef%bc%88ecb%ef%bc%89%e3%80%8c%e8%a6%81%e6%9c%89%e6%89%80%e4%bd%9c%e7%82%ba%e3%80%8d%ef%bc%8c%e6%8a%ac%e5%87%ba%e7%9c%9f%e7%9a%84%e5%88%ba%e6%bf%80%e8%b2%a8","status":"publish","type":"post","link":"https:\/\/blog.moneydj.com\/joe\/2014\/06\/06\/%e6%ad%90%e6%b4%b2%e5%a4%ae%e8%a1%8c%ef%bc%88ecb%ef%bc%89%e3%80%8c%e8%a6%81%e6%9c%89%e6%89%80%e4%bd%9c%e7%82%ba%e3%80%8d%ef%bc%8c%e6%8a%ac%e5%87%ba%e7%9c%9f%e7%9a%84%e5%88%ba%e6%bf%80%e8%b2%a8\/","title":{"rendered":"\u6b50\u6d32\u592e\u884c\uff08ECB\uff09\u300c\u8981\u6709\u6240\u4f5c\u70ba\u300d\uff0c\u62ac\u51fa\u771f\u7684\u523a\u6fc0\u8ca8\u5e63\u653f\u7b56"},"content":{"rendered":"

2008\u5e74\u7f8e\u570b\u6b21\u7d1a\u623f\u8cb8\u7206\u767c\u6642\uff0c\u770b\u5230\u7f8e\u570b\u7684\u6c11\u9593\u6d88\u8cbb\uff0c\u50cf\u6c7d\u7403\u4e00\u6a23\u300c\u78b0\u300d\u7834\u6389\uff0c\u7576\u6642\u7684\u7f8e\u570b\u806f\u6e96\u6703\u7e3d\u88c1Bernanke\u64d4\u6182\u7684\u5c31\u662f\u7f8e\u570b\u9032\u5165\u300c\u901a\u7e2e\u300d\uff0c\u4f46\u4ed6\u4e0d\u80fd\u8aaa\uff0c\u5373\u4f7f\u6709\u985e\u4f3c\u7684\u8868\u73fe\u4e5f\u4e0d\u884c\uff0c\u56e0\u70ba\u4e00\u8aaa\u53ef\u80fd\u5f15\u5c0e\u5e02\u5834\u8b93\u5b83\u6210\u771f\uff0c\u6240\u4ee5\u4ed6\u5be7\u9858\u8b93\u5e02\u5834\u6709\u8457\u9069\u5ea6\u7684\u300c\u901a\u81a8\u9810\u671f\u300d\u4f86\u89e3\u6c7a\u901a\u7e2e\uff0c\u907f\u514d\u91cd\u6f141929\u81f31933\u5e74\u7684\u7d93\u6fdf\u5927\u856d\u689d\u3002<\/span><\/p>\n

\"200701~201201\u7f8e\u570b\u901a\u8ca8\u81a8\u8139\u7387\"<\/p>\n

\u806f\u6e96\u6703\u7576\u6642\u9810\u898b\u7684\u7f8e\u570b\u901a\u8ca8\u81a8\u8139\u548c\u73fe\u5728\u7684\u6b50\u6d32\u4e0d\u540c\uff0c<\/span>\u7f8e\u570b\u662f\u4e00\u5e74\u5167\u5feb\u901f\u4e0b\u8dcc\u7d048%\u7684\u901a\u8ca8\u6536\u7e2e\uff0c\u6240\u4ee5Bernanke\u7acb\u523b\u5c55\u73fe\u6539\u8b8a\u8ca8\u5e63\u653f\u7b56\u7684\u6c7a\u5fc3\uff0c<\/span>\u5e02\u5834\u88abBernanke\u5f15\u5c0e\u5230\u4ed6\u60f3\u8981\u7684\u65b9\u5411\uff0c<\/span>\u6240\u4ee5\u7f8e\u570b\u6c92\u6709\u9032\u5165\u901a\u8ca8\u6536\u7e2e\u3002<\/span><\/span><\/span><\/p>\n

\u4f60\u8981\u5224\u65b7\u5404\u570b\u592e\u884c\u5728\u57f7\u884c\u8ca8\u5e63\u653f\u7b56\u6642\uff0c\u5224\u65b7\u7522\u751f\u7684\u526f\u4f5c\u7528\u662f\u5176\u6b21\uff0c\u6700\u91cd\u8981\u7684\u662f\uff0c\u6210\u529f\u7684\u6a5f\u7387\u6709\u591a\u9ad8\uff0c\u8ca8\u5e63\u653f\u7b56\u8981\u80fd\u9020\u6210\u300c\u5e02\u5834\u9810\u671f\u300d\uff0c\u8b93\u5e02\u5834\u8ddf\u8457\u71df\u9020\u592e\u884c\u60f3\u8981\u65b9\u5411\uff0c\u505a\u4e0d\u5230\u9019\u9ede\uff0c\u90a3\u9ebc\u9019\u500b\u8ca8\u5e63\u653f\u7b56\u672a\u4f86\u52e2\u5fc5\u6703\u6539\u8b8a\uff0c\u6216\u8005\u534a\u9014\u800c\u5ee2\uff0c\u751a\u81f3\u7522\u751f\u53cd\u6548\u679c\u3002<\/span><\/span><\/p>\n

\"200701~201401\u6b50\u5143\u5340\u901a\u8ca8\u81a8\u8139\u7387\"
<\/span><\/span><\/p>\n

\u89c0\u5bdf\u6b50\u5143\u5340\u904e\u53bb6\u5e74\u591a\u4f86\u7684\u901a\u8ca8\u81a8\u8139\u7387\uff0c<\/span><\/span>\u5176\u5be6\u57fa\u671f\u7684\u5f71\u97ff\u4f54\u5f88\u5927\u7684\u6bd4\u91cd\uff0c\u6b50\u5143\u5340\u7684\u901a\u8ca8\u81a8\u8139\u660e\u986f\u505c\u6eef\u4e3b\u8981\u662f2013\u5e74\u7b2c\u4e8c\u5b63\u4ee5\u5f8c\uff0c<\/span><\/span><\/span><\/span><\/span>CPI index(\u7da0\u7dda\u659c\u7387\u660e\u986f<\/span><\/span><\/span><\/span><\/span>\u6bd4\u7d05\u7dda\u5e73\u7de9)\uff0c\u6838\u5fc3\u901a\u81a8\u7684\u5546\u54c1\u9805\u76ee\uff0c<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u6301\u7e8c\u7a69\u5b9a\u4e0b\u964d\uff0c<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u6838\u5fc3\u901a\u81a8\u7684\u670d\u52d9\u9805\u76ee\uff0c<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u56e0\u70ba2013\u5e74Q1\u57fa\u671f\u7684\u95dc\u4fc2\uff0c<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u6240\u4ee52014\u5e74\u540c\u671f\u51fa\u73fe\u4e86\u4e00\u4e9b\u53cd\u5f48\uff0c<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u4f46\u9577\u7dda\u4e0b\u6ed1\u7684\u5371\u6a5f\u9084\u6c92\u6709\u89e3\u9664<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u3002<\/span><\/span><\/p>\n

\"201001~201401\u6b50\u5143\u5340\u901a\u8ca8\u81a8\u8139\u6307\u6578\"
<\/span><\/span><\/p>\n

\"201001~201404\u6b50\u5143\u5340\u6838\u5fc3\u901a\u8ca8\u81a8\u8139\"
<\/span><\/span><\/p>\n

\u6b50\u6d32\u592e\u884c\uff08ECB\uff09\u300c\u8981\u6709\u6240\u4f5c\u70ba\u300d\uff0c<\/span>\u70ba\u4f55Joe\u8aaa\u9019\u53e5\u8a71\uff0c\u56e0\u70baECB\u6c92\u6709\u62ac\u51fa\u7570\u65bc\u904e\u53bb\u7684\u65b0\u5bec\u9b06\u8ca8\u5e63\u653f\u7b56\uff0c<\/span><\/span><\/span><\/span><\/span><\/p>\n

\u6b50\u6d32\u592e\u884c\u5ba3\u5e03\u628a\u57fa\u6e96\u7684\u518d\u878d\u8cc7\u5229\u7387\uff08refinancing rate\uff09\u5f9e0.25%\u964d\u81f30.15%\uff1b\u9280\u884c\u9694\u591c\u5b58\u6b3e\u5229\u7387\u5f9e\u96f6\u964d\u81f3\u8ca00.10%\uff1b\u9694\u591c\u908a\u969b\u8cb8\u6b3e\u5de5\u5177\u5229\u7387\u5f9e0.75%\u964d\u81f30.40%\uff0c\u9019\u610f\u5473\u8457\u5546\u696d\u9280\u884c\u5982\u679c\u60f3\u628a\u9322\u5b58\u5230\u4e2d\u592e\u9280\u884c\uff0c\u4e0d\u4f46\u6c92\u6709\u5229\u606f\uff0c\u9084\u8981\u4ed8\u5229\u606f\u7d66\u4e2d\u592e\u9280\u884c\uff0c\u7406\u8ad6\u4e0a\u662f\u5e0c\u671b\u9280\u884c\u628a\u9322\u501f\u7d66\u5546\u5bb6\uff0c\u56e0\u6b64\u523a\u6fc0\u7d93\u6fdf\u589e\u9577\uff0c\u4f46\u5be6\u52d9\u4e0a\uff0c\u53ef\u80fd\u6703\u628a\u8cc7\u91d1\u8d95\u5230\u6d77\u5916\u5e02\u5834\uff0c<\/span><\/span><\/span><\/span><\/span>\u7576\u7136\u9019\u9ede\u9084\u8981\u518d\u89c0\u5bdf\u3002<\/p>\n

\u53e6\u5916\u662f\u91cd\u555f\u9577\u671f\u518d\u878d\u8cc7\u64cd\u4f5c(LTRO)\uff0c\u9023\u7e8c\u5169\u6b21\u9032\u884c\u9577\u671f\u518d\u878d\u8cc7\u64cd\u4f5c\uff0c\u521d\u671f\u898f\u6a214000\u5104\u6b50\u5143\uff0c\u5229\u7387\u662f\u6307\u6a19\u518d\u878d\u8cc7\u5229\u7387\u52a00.1%\uff0c\u501f\u6b3e\u9280\u884c\u53ef\u4ee5\u5728\u9577\u671f\u518d\u878d\u8cc7\u64cd\u4f5c\u5f8c24\u500b\u6708\uff0c\u9078\u64c7\u958b\u59cb\u9084\u6b3e\u3002<\/span><\/span><\/span><\/span><\/span><\/p>\n

\u904e\u53bb\u6b50\u6d32\u9280\u884c\u7372\u5f97\u4f4e\u606f\u9577\u671f\u8cb8\u6b3e\u5f8c\uff0c\u4e26\u6c92\u6709\u628a\u8cc7\u91d1\u6d41\u5411\u5be6\u9ad4\u6295\u8cc7\u5e02\u5834\u548c\u6c11\u9593\u4f01\u696d\uff0c\u4f01\u696d\u4e0d\u80fd\u7372\u5f97\u8db3\u5920\u8cc7\u91d1\uff0c\u52a0\u4e0a\u4f01\u696d\u7684\u71df\u904b\u5229\u6f64\u9084\u4e0d\u5920\u7a69\u5b9a\uff0c\u4e0d\u6562\u64f4\u5927\u501f\u8cb8\uff0c\u7d93\u6fdf\u840e\u9761\u4e0d\u632f\uff0c\u901a\u8ca8\u7dca\u7e2e\u73fe\u8c61\u56b4\u91cd\uff0c\u6b50\u5143\u537b\u6301\u7e8c\u8d70\u9ad8\uff0c\u4f46\u6b50\u5143\u5340\u7684\u8ca8\u5e63\u653f\u7b56\u5be6\u8cea\u4e0a\u4e0d\u50cf\u7f8e\u570b\u548c\u65e5\u672c\u90a3\u6a23\u7684\u660e\u78ba\uff0c\u6c92\u6709\u771f\u6b63\u7684\u91cf\u5316\u5bec\u9b06\uff0c\u6574\u9ad4\u7684\u6539\u8b8a\u6c7a\u5fc3\u4e5f\u4e0d\u5920\uff0c\u6b50\u5143\u7684\u532f\u7387\u53ea\u6709\u66c7\u82b1\u4e00\u73fe\u7684\u77ed\u66ab\u8d70\u8dcc\uff0c\u5373\u4f7f\u63a5\u4e0b\u4f86\u6b50\u5143\u518d\u5ea6\u8d70\u8dcc\uff0c\u4e3b\u8981\u5f71\u97ff\u4e5f\u4e0d\u662f\u56e0\u70ba\u8ca0\u5229\u7387\u7684\u95dc\u4fc2\uff0c\u800c\u662f\u5176\u4ed6\u56e0\u7d20\uff0c\u63db\u53e5\u8a71\u8aaa\uff0c\u6b50\u6d32\u592e\u884c\u7684\u65b0\u8ca8\u5e63\u653f\u7b56\u5176\u5be6\u4e86\u7121\u65b0\u610f\uff0c\u5b8c\u5168\u6c92\u6709\u505a\u51fa\u5f15\u5c0e\u300c\u5e02\u5834\u9810\u671f\u300d\u7684\u52d5\u4f5c\uff0c<\/span>\u9019\u6a23\u7684\u83dc\u8272\uff0c\u5e02\u5834\u662f\u4e0d\u6703\u6eff\u610f\u7684\uff0c\u6700\u5f8c\u6b50\u6d32\u7684\u7d93\u6fdf\u6578\u64da\uff0c\u672a\u4f86\u8981\u9577\u671f\u597d\u8f49\u7684\u6a5f\u7387\u9084\u662f\u4e00\u6a23\u4f4e\u3002<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

2008\u5e74\u7f8e\u570b\u6b21\u7d1a\u623f\u8cb8\u7206\u767c\u6642\uff0c\u770b\u5230\u7f8e\u570b\u7684\u6c11\u9593\u6d88\u8cbb\uff0c […]<\/a><\/p>\n<\/div>","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-4061","post","type-post","status-publish","format-standard","hentry","category-news-opinion"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4VJae-13v","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/4061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/comments?post=4061"}],"version-history":[{"count":1,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/4061\/revisions"}],"predecessor-version":[{"id":4122,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/4061\/revisions\/4122"}],"wp:attachment":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/media?parent=4061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/categories?post=4061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/tags?post=4061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}