Research on the Complexity of Monetary Policy Transmission System

<正>Monetary policy is an important policy system by which a nation regulates macroeconomy.The monetary policy transmission system is the economic moving course from starting by monetary policy tool to achieving monetary policy objectives.Monetary policy transmission system due to involving such transmission channels as the interest rate,credit,exchange rate,asset prices and so on and variables which make its structure,mechanisms,chain very complex,is a typical complex system.So its many problems cannot be satisfactorily solved by using traditional balance,linear,static methods,but solved by the complexity-related system thoughts and methods of the nonlinear,the unbalance,the chaos,the fractal,mutations and non-periodic and so on,which provide a new analysis method and perspective for the monetary policy transmission system.