我国扩张性货币政策退出的策略分析

发布时间：2018-02-14 20:20

本文关键词： 扩张性货币政策退出时机选择力度控制工具选择　出处：《中国流通经济》2010年02期 　论文类型：期刊论文

【摘要】：本文认为,当前的扩张性货币政策无法解决经济增长方式调整滞后和收入分配失衡等深层次矛盾,并蕴含着财政风险、金融风险与政策信誉风险,这决定了其退出的必然性。从就业、消费和民间投资三个指标来看,扩张性货币政策已逼近安全边界;在时机选择上,我国应先于欧美发达国家实施退出策略;在力度控制上,不仅要考虑经济数据,也要考虑集团利益的制衡;在工具选择上,应结合国情,有计划、有步骤地实施退出策略。另外,应注重与转变经济增长方式、财政刺激计划的退出及国际协调的配合。
[Abstract]:This paper argues that the current expansionary monetary policy cannot solve the deep-seated contradictions, such as the adjustment lag of economic growth mode and the imbalance of income distribution, and contains financial risk, financial risk and policy reputation risk. In terms of employment, consumption and private investment, expansionary monetary policy is close to the security boundary. In terms of timing, China should implement exit strategy before the developed countries in Europe and the United States. We should not only consider economic data, but also consider the checks and balances of group interests; in the choice of tools, we should implement exit strategies in a planned and systematic manner in the light of national conditions. In addition, we should pay attention to and transform the mode of economic growth. Withdrawal of the fiscal stimulus package and international co-ordination.
【作者单位】：厦门大学金融系;
【基金】：国家社科重大项目“扩大国内需求的宏观经济政策研究”(项目编号:08&ZD034) 教育部人文社科重点研究基地重大项目“我国货币政策的区域经济效应研究”(项目编号:08JJD790136)的阶段性成果
【分类号】：F822.0

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