以“控”“疏”协调的宏观经济政策治理通货膨胀

发布时间：2018-02-12 19:53

本文关键词： 治理通货膨胀货币政策利率　出处：《福建论坛(人文社会科学版)》2011年06期 　论文类型：期刊论文

【摘要】：当前治理通货膨胀的政策,主要是提高利率、提高存款准备金率和人民币升值等"控"货币供给的政策。然而,频繁使用这些政策,抑制通胀效果不明显,却出现了经济增长放缓的迹象。为有效地治理通货膨胀促进经济增长,需要"控""疏"结合的宏观经济政策:一是人民币双向浮动,引导外汇流出,减少货币供给,抑制通货膨胀。二是疏导国内资金流向资本市场,恢复和发展中国股票市场,增加货币需求,减少货币供求差距,抑制通货膨胀。三是将目前的外汇"奖入限出"政策改变为"限入奖出"政策,包括对个人携带外汇、企业借入的境外贷款和外商直接投资等进入中国的外汇收取入境费,费率应高于人民币升值率加上国内国外利率差之和。四是将出口退税改为国内居民外汇储蓄补贴,藏汇于民。五是将汽车和家电企业的财政补贴改为给全国户籍人口每人发放3000-5000元的消费券,在改善民生的同时,增加货币需求,抑制通胀。六是将个人所得税起征点提高到1万元/月/人,以扩大消费,增加货币需求,遏制通胀。
[Abstract]:The current policies to control inflation, such as raising interest rates, raising the reserve requirement ratio and the appreciation of the RMB, are "controlling" the money supply. However, frequent use of these policies has little effect on curbing inflation. In order to effectively control inflation and promote economic growth, a combination of "controlling" and "thinning" macroeconomic policies is needed: first, the renminbi is floating in both directions, guiding foreign exchange outflows, and reducing the money supply. Second, channeling domestic funds to the capital market, restoring and developing the stock market in China, increasing the demand for money, and reducing the gap between supply and demand for money. Third, to change the current foreign exchange policy of "limiting the amount of foreign exchange" to "limiting the amount of foreign currency", including collecting entry fees for foreign exchange imported into China by individuals, foreign loans borrowed by enterprises and foreign direct investment, etc. The rate should be higher than the appreciation rate of the RMB plus the sum of the domestic and foreign interest rate differentials. Fourth, the export tax rebate should be changed into a foreign exchange savings subsidy for domestic residents. Fifth, the financial subsidy for automobile and household appliance enterprises should be changed to a consumption voucher of 3,000-5,000 yuan per person for the national household registration population. While improving the people's livelihood, it will also increase the demand for money. Sixth, raise the threshold of personal income tax to 10,000 yuan per person to expand consumption, increase monetary demand, and curb inflation.
【作者单位】：国家行政学院;
【分类号】：F822.5

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