管理者、商业银行、投资银行以及对冲基金和评级机构都因当前的金融危机受到了责备,但是中央银行已经做得够多了吗?这次的讲座表明,中央银行应当更多关注具有高产出成本的资产泡沫。资产价格,特别是房价,应该作为政策考虑的一个明确因素。更一般的说,中央银行应该采取“逆风而行”的政策应对金融风暴。 Managers, commercial banks, investment banks and hedge funds and rating agencies have all been blamed for the current financial crisis, but has the central bank done enough? The lecture shows that the central bank should pay more attention to the high yield The cost of the asset bubble. Asset prices, especially housing prices, should be a clear factor for policy considerations. More generally, the central bank should adopt a policy of “facing the wind and going its own way” in response to the financial turmoil.