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一、政策路径判断金融危机之后,欧美主要央行采取了激进的定量宽松货币政策,以刺激经济复苏和保持价格稳定。随着各国经济和通胀形势的分化,欧美主要央行的政策方向也开始出现分歧。(一)美联储:有步骤地退出美联储于2012年9月启动开放式资产购买政策(QE3),目前每月购买400亿美元机构MBS和450亿美元国债。进入2013年,美国就业市场出现
First, the policy path to determine the financial crisis, the major central banks in Europe and America adopted a radical quantitative easing monetary policy to stimulate economic recovery and maintain price stability. With the differentiation of the economic and inflation situations in various countries, the policy directions of the major central banks in Europe and the United States have begun to diverge. (A) Fed: step by step withdrawal The Federal Reserve launched the Open Asset Purchase Policy (QE3) in September 2012 and currently buys 40 billion U.S. dollars in institutional MBS and 45 billion U.S. dollars in treasury bonds every month. Enter 2013, the U.S. job market appears