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根据伯南克相关理论,货币政策传导渠道主要有两个,一个是资产负债表渠道,一个是信贷渠道。资产负债表渠道主要受利率影响,而信贷渠道是受到信贷可得量的影响。在完全市场化的货币市场,量的调整会导致利率的调整,这样,不管是调整货币量,还是调整利率都会影响这两个渠道。伯南克关于货币政策的描述有一个潜在的假设,即产品市场和货币市场是完全市
According to Bernanke’s theory, there are mainly two channels for the transmission of monetary policy, one is the balance sheet channel and the other is the credit channel. The balance sheet channel is mainly affected by interest rates, while the credit channel is affected by the availability of credit. In a fully marketized currency market, the adjustment of volume will result in the adjustment of the interest rate, so both the adjustment of the monetary volume and the interest rate will affect both channels. Bernanke’s description of monetary policy has the potential to assume that both the product and money markets are completely city