{"id":322323,"date":"2020-03-13T00:30:18","date_gmt":"2020-03-13T07:30:18","guid":{"rendered":"https:\/\/nai500.com\/?p=322323"},"modified":"2020-03-13T00:33:28","modified_gmt":"2020-03-13T07:33:28","slug":"qe4-%e7%be%8e%e8%81%94%e5%82%a8-%e6%95%91%e5%b8%82","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2020\/03\/qe4-%e7%be%8e%e8%81%94%e5%82%a8-%e6%95%91%e5%b8%82\/","title":{"rendered":"QE4\u6765\u4e86\uff01\u7f8e\u8054\u50a8\u51fa\u91cd\u62f3\u5f00\u59cb\u6551\u5e02"},"content":{"rendered":"<p>\u7f8e\u8054\u50a8\u5468\u56db\u516c\u5e03\u6709\u5173\u56fd\u5e93\u5238\u50a8\u5907\u7ba1\u7406\u8d2d\u4e70\u548c\u56de\u8d2d\u64cd\u4f5c\u7684\u58f0\u660e\uff0c\u4ee4\u4eba\u56de\u60f3\u8d77\u5176\u5728\u91d1\u878d\u5371\u673a\u671f\u95f4\u4f7f\u7528\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u3002<\/p>\n<p>\u7ebd\u7ea6\u8054\u90a6\u50a8\u5907\u94f6\u884c\u4eca\u65e5\u5728\u4e00\u4efd\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u201c\u4e3a\u5e94\u5bf9\u4e0e\u51a0\u72b6\u75c5\u6bd2\u7206\u53d1\u76f8\u5173\u7684\u8d22\u653f\u878d\u8d44\u5e02\u573a\u51fa\u73b0\u7684\u6781\u4e0d\u5bfb\u5e38\u7684\u4e2d\u65ad\uff0c\u6709\u5173\u65b9\u9762\u6b63\u5728\u505a\u51fa\u6539\u53d8\u3002\u201d<\/p>\n<p>\u7ebd\u7ea6\u8054\u50a8\u8868\u793a\uff0c\u6839\u636e\u76ee\u524d\u6bcf\u6708\u8d2d\u4e70600\u4ebf\u7f8e\u5143\u8bc1\u5238\u7684\u8ba1\u5212\uff0c\u8d2d\u4e70\u8303\u56f4\u5c06\u6269\u5927\u5230\u56fd\u5e93\u5238\u4ee5\u5916\uff0c\u5305\u62ec\u4e0e\u7f8e\u56fd\u56fd\u503a\u5e02\u573a\u671f\u9650\u6784\u6210\u76f8\u5339\u914d\u7684\u5404\u671f\u9650\u503a\u5238\u3002<\/p>\n<p>\u5728\u8fd9\u4e00\u51fa\u4eba\u610f\u6599\u7684\u6d88\u606f\u516c\u5e03\u540e\uff0c\u7f8e\u80a1\u6700\u521d\u6536\u590d\u4e86\u90e8\u5206\u5931\u5730\uff0c\u4f46\u968f\u540e\u53c8\u5f00\u59cb\u4e0b\u8dcc\uff0c\u6295\u8d44\u8005\u4e0d\u786e\u5b9a\u6b64\u4e3e\u662f\u5426\u8db3\u4ee5\u4fdd\u62a4\u7f8e\u56fd\u7ecf\u6d4e\u514d\u53d7\u75ab\u60c5\u5f71\u54cd\uff0c\u4ecd\u5728\u7b49\u5f85\u7f8e\u56fd\u653f\u5e9c\u505a\u51fa\u5f3a\u6709\u529b\u7684\u53cd\u5e94\u3002<\/p>\n<p>\u4e07\u795e\u6bbf\u5b8f\u89c2\u7ecf\u6d4e\uff08Pantheon Macroeconomics\uff09\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6Ian Shepherdson\u8868\u793a\uff0c\u201c\u8fd9\u662f\u4e00\u573a\u5168\u9762\u7684\u5371\u673a\u5e94\u5bf9\u884c\u52a8\uff0c\u65e8\u5728\u5145\u5206\u8868\u660e\u7f8e\u8054\u50a8\u4e0d\u4f1a\u8ba9\u6d41\u52a8\u6027\u67af\u7aed\u3002\u6211\u4eec\u9884\u8ba1\uff0c\u5728\u53ef\u9884\u89c1\u7684\u672a\u6765\uff0c\u7f8e\u8054\u50a8\u5c06\u8d2d\u4e70600\u4ebf\u7f8e\u5143\u7684\u5404\u7c7b\u8bc1\u5238\uff1aQE4\u5df2\u7ecf\u6765\u4e34\u3002\u201d<\/p>\n<p>\u6b64\u5916\uff0c\u7ebd\u7ea6\u8054\u50a8\u63d0\u4f9b5000\u4ebf\u7f8e\u5143\u7684\u4e09\u4e2a\u6708\u671f\u56de\u8d2d\u64cd\u4f5c\uff0c\u5e76\u8868\u793a\u5c06\u5728\u660e\u5929\u91cd\u590d\u8fd9\u4e00\u64cd\u4f5c\uff0c\u53e6\u5916\u8fd8\u5c06\u63d0\u4f9b5000\u4ebf\u7f8e\u5143\u7684\u4e00\u4e2a\u6708\u56de\u8d2d\u64cd\u4f5c\uff0c\u5e76\u5728\u5269\u4e0b\u7684\u6708\u5ea6\u64cd\u4f5c\u4e2d\u6bcf\u5468\u8fdb\u884c\u4e00\u6b21\u3002\u8fd9\u4e3a\u91d1\u878d\u5e02\u573a\u589e\u52a0\u4e86\u5927\u91cf\u7684\u6d41\u52a8\u6027\uff0c\u4e5f\u5c06\u5728\u64cd\u4f5c\u671f\u95f4\u6269\u5927\u7f8e\u8054\u50a8\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u3002<\/p>\n<p>\u7531\u4e8e\u7279\u6717\u666e\u5468\u4e09\u8bb2\u8bdd\u4e2d\u6d89\u53ca\u5230\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\u7684\u7ec6\u8282\u5c11\u4e4b\u53c8\u5c11\uff0c\u6295\u8d44\u8005\u5bf9\u4e8e\u7f8e\u56fd\u653f\u5e9c\u5728\u5e94\u5bf9\u80a1\u5e02\u66b4\u8dcc\u548c\u7ecf\u6d4e\u524d\u666f\u51fa\u73b0\u91cd\u5927\u4e0d\u786e\u5b9a\u6027\u4e0a\u9887\u6709\u5fae\u8bcd\uff0c\u7f8e\u8054\u50a8\u76ee\u524d\u9762\u4e34\u524d\u6240\u672a\u6709\u7684\u884c\u52a8\u538b\u529b\u3002\u7279\u6717\u666e\u6628\u65e5\u8fd8\u53d1\u5e03\u4e86\u5bf9\u6b27\u6d32\u6e38\u5ba2\u7684\u65c5\u884c\u7981\u4ee4\uff0c\u5bfc\u81f4\u80a1\u5e02\u4eca\u65e5\u518d\u5ea6\u66b4\u8dcc\u3002<\/p>\n<p>\u603b\u90e8\u4f4d\u4e8e\u829d\u52a0\u54e5\u7684\u8d22\u5bcc\u7ba1\u7406\u516c\u53f8Cresset Capital Management\u7684\u9996\u5e2d\u6295\u8d44\u5b98Jack Ablin\u8868\u793a\uff0c\u201c\u7279\u6717\u666e\u603b\u7edf\u521d\u8877\u662f\u4e3a\u4e86\u5e73\u606f\u5927\u5bb6\u7684\u62c5\u5fe7\uff0c\u4f46\u662f\u4ed6\u7684\u505a\u6cd5\u662f\u706b\u4e0a\u6d47\u6cb9\u3002\u73b0\u5728\u5982\u679c\u4f60\u770b\u770b\u6280\u672f\u9762\uff0c\u6211\u4eec\u771f\u7684\u9677\u5165\u4e86\u6211\u6240\u8bf4\u7684\u6050\u614c\u7684\u5730\u6b65\u3002\u201d<\/p>\n<p>\u4e0a\u5468\uff0c\u4e3a\u4e86\u5e94\u5bf9\u51a0\u72b6\u75c5\u6bd2\u75ab\u60c5\u5f15\u53d1\u7684\u80a1\u5e02\u66b4\u8dcc\uff0c\u7f8e\u8054\u50a8\u5ba3\u5e03\u7d27\u6025\u964d\u606f50\u4e2a\u57fa\u70b9\u3002\u76ee\u524d\uff0c\u6295\u8d44\u8005\u9884\u671f\u7f8e\u8054\u50a8\u5c06\u57283\u670817-18\u65e5\u7684\u8bae\u606f\u4f1a\u8bae\u4e0a\u518d\u5ea6\u964d\u606f\u3002\u90e8\u5206\u7ecf\u6d4e\u5b66\u5bb6\u9884\u6d4b\uff0c\u7f8e\u8054\u50a8\u751a\u81f3\u53ef\u80fd\u5c06\u5229\u7387\u4ece1-1.25%\u7684\u533a\u95f4\u5927\u5e45\u964d\u4f4e\u81f3\u96f6\u3002<\/p>\n<p>\u9053\u660e\u8bc1\u5238\u5229\u7387\u7b56\u7565\u4e3b\u7ba1Priya Misra\u8868\u793a\uff0c\u201c\u7f8e\u8054\u50a8\u4eca\u5929\u5c3d\u5230\u4e86\u81ea\u5df1\u5e2e\u52a9\u5e02\u573a\u8fd0\u8f6c\u7684\u804c\u8d23\u3002\u4f46\u6211\u4eec\u4ecd\u7136\u9700\u8981\u8d22\u653f\u63f4\u52a9\u3002\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u8054\u50a8\u5468\u56db\u516c\u5e03\u6709\u5173\u56fd\u5e93\u5238\u50a8\u5907\u7ba1\u7406\u8d2d\u4e70\u548c\u56de\u8d2d\u64cd\u4f5c\u7684\u58f0\u660e\uff0c\u4ee4\u4eba\u56de\u60f3\u8d77\u5176\u5728\u91d1\u878d\u5371\u673a\u671f\u95f4\u4f7f\u7528\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u3002 \u7ebd\u7ea6\u8054\u90a6 [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":322363,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[428],"tags":[522],"class_list":["post-322323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics-politics-zh-hans","tag-522","sectors-financial-products-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/322323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=322323"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/322323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/322363"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=322323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=322323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=322323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}