新冠疫情冲击下的货币政策

Monetary Policy under the Impact of the COVID-19

摘要: 本文梳理了新冠肺炎疫情期间，世界主要经济体的货币政策，并对我国货币政策进行了整理。本文发现，在2020年1月~2022年7月期间，美国、日本以及欧洲各国均实施量化宽松货币政策，但是无一例外，这些经济体都面临着通货膨胀的压力，最终不得不进行激烈的货币政策转向。我国央行不仅合理运用传统货币政策，还加强应用并创新结构性货币政策，在抗击新冠疫情方面做出巨大贡献。本文提出建议，第一，以结构性货币政策为主；第二，创设新型货币政策；第三，积极参与构建国际政策协调机制。

Abstract: This paper sorts out the monetary policies of major economies in the world during COVID-19, and collates the monetary policies of China. This paper finds that during the period from January 2020 to July 2022, the United States, Japan and European countries have all implemented quantitative easing monetary policies, but without exception, these economies are facing inflationary pressures and finally have to make a drastic monetary policy shift. The central bank of China not only makes rational use of traditional monetary policies, but also strengthens the application and innovation of structural monetary policies, making great contributions to the fight against COVID-19. This paper puts forward some suggestions. First, we should focus on structural monetary policy. Second, create a new monetary policy. Third, actively participate in building an international policy coordination mechanism.