货币政策的非对称性:基于前景理论的解释
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引用本文:何国华,袁仕陈.货币政策的非对称性:基于前景理论的解释[J].财经理论与实践,2010,(5):8-12
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作者单位
何国华 (武汉大学 经济与管理学院,湖北 武汉430072) 
袁仕陈  
中文摘要:利用前景理论及其扩展研究不同货币政策下人们的行为选择及其变化,结果表明:不同的货币政策下,收入水平和边际利得的不同会促使人们相应地调整参考点和权重,使总价值函数处于不同的位置(税收和通胀也都对参考点和总价值具有重要的影响),使人们呈现出不同的风险偏好,并采取不同的应对措施,从而导致了货币政策的非对称性。
中文关键词:前景理论  货币政策非对称性  价值函数  风险偏好
 
Asymmetry of the Monetary Policy:Based on the Prospect Theory
Abstract:Using the prospect theory and its expansion, people behavioral choices and their changes in different monetary policies are studied. The result indicates that different income and marginal gains will spur people to adjust their pivot and weights, which will place the gross value function on different location (revenue and inflation also can affect the pivot and total value seriously), and then conduce people to take on different risk preference and adopt different measurement. All these thus will bring about the asymmetry of the monetary policy.
keywords:Prospect theory  Asymmetry of the monetary policy  Value function  Risk preference
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