The Development of the Chinese Stock Market and the Choice of Monetary Policies
The rapid development of stock market give a big challenge to monetary policy and whether monetary policy should anchor stock price has been one of the most advanced issues. This paper analyze the challenges stock market put forward to monetary policy from the long-run target. midway target. transmission mechanism and implement of monetary policy. On the basis of above-mentioned analysis, this paper points out that central bankers should not take stock price changes into account at present, but should pay attention to the fluctuation of stock price.