新凯恩斯主义的货币政策与不良债权治理

一般认为银行的不良债权是监管不严产生的，而新凯恩斯主义认为是高利率诱发的，在经济周期变动中，由于过去宏观经济政策缺乏微观运行基础，不良债权与通货紧缩并存状况，使货币政策无所适从，新凯恩斯主义提出的低利率和信贷配给措施，对当前实施有效的货币政策不无启发。

New-Keynesianism Currency Policy and Settlement of Bad Creditor''''s Rights

It is generally acknowledged that bad creditor's rights are due to loose management. From the New Keynesianism point of view, they are caused by high rate of interest. In the course of the periodical economic movements, the co existence of bad creditor's rights and currency deflation makes the currency policy in an awkward situation because the macroeconomic policies are not sufficiently supported by substantial micro environments .The low interest rate and credit rationing measures suggested by New keynesianism throw light on what kind of effective currency policy should be adopted at present.