求助：什么叫名义锚？

A nominal anchor is a mechanism to stabilize nominal variables, especially the general price level. One of the consensus nowadyas is that price stability is the main ultimate goal for monetary policy.

The Fed in U.S. does not have an explicit nominal anchor. Their strategy for monetary policy can be called "just do it"(Mishkin). They care about not only the long-term stability of price level, but also concern the employment,finacial market, etc.

However, the current chairman of the Fed, Ben S. Bernanke, is a strong proponent of inflation targeting, which sets a stable and low inflation as the sole goal for monetary policy. Maybe that's the reason Mr. Bernanke is so tough against inflation.

If you have interest in more details of the international experience of monetary strategy (mainly on nominal anchor), pls refer to "The Economics of Money, Banking and Financial Markets"(Mishkin, 4th edition, Chapter 21).

这样讨论也蛮好！谢谢！

所有国家货币政策策略的一个核心特征是，使用名义锚（货币政策制订者用来锁定物价水平的名义变量，例如，通货膨胀率、汇率或者货币供给）作为中介指标，以实现最终的货币政策目标，如物价稳定。

原来是这样-----

费解啊，望高人

所谓锚，就是用来稳定船的工具，借用在经济学中，锚是用来稳定经济运行，实现价格稳定计划，表现为某个货币政策目标。要发挥锚稳定价格的作用，可以有多种名义变量的选择，比如，某种商品-黄金价格，或者本币的外币价格-汇率等。通过设定这些名义变量的目标水平或变动率，进行货币操作，实现价格稳定。

123jin 发表于 2011-4-1 23:22
所谓锚，就是用来稳定船的工具，借用在经济学中，锚是用来稳定经济运行，实现价格稳定计划，表现为某个货币 ...

解释的浅显易懂，比那些装逼的学术性解释来得更有价值！