摘要
在全球经济复苏前景日益明朗的情况下,经济刺激计划的退出问题再次引发讨论高潮。危机背景下非常规经济刺激计划的退出是必然的,只是时机、节奏和力度的问题。本文在分析全球主要发达国家应对金融危机救助政策的基础上,对退出的时机与路径,以及财政政策与货币政策的协调搭配等进行了述评,并对全球经济刺激计划的退出政策进行了国际比较。最后得出几点主要结论及对中国的启示:当前中国经济刺激计划不宜全面退出;经济刺激计划要分阶段退出,兼顾市场反应等。
As the prospects for economy recovery is increasingly brighter, the discussion climax about the issue of economic stimulus plan exit was re-triggered. In any case, it＇s inevitable for unconventional economic stimulus plan to secede in the context of the financial crisis, and the timing, intensity and potency dimension are the matter. This paper, based on the analysis of how the world＇s major developed countries faced the financial crisis, gave the commentary on the timing and manner of economic stimulus plan exit and the coordination of fiscal policy and monetary policy. Then, it made a comparison of global economic stimulus plan exit. Finally, it can be concluded as follows and also some enlightenment： Currently, it＇s not the time for China to withdraw the stimulus plan; economic stimulus plan should be phased out, taking the market reactions into account and so on.
出处
《国际商务研究》
CSSCI
北大核心
2010年第5期33-46,55,共15页
International Business Research
基金
国家社科规划研究项目:后危机时期中国经济刺激计划退出的理论分析与政策模拟研究
山东省科技发展计划重点专项项目:创新及可持续发展山东产业集群研究(2009GG2008023)
教育部人文社科研究项目:中国经济刺激计划的退出时机、路径与政策优化研究:山东省艺术科学重点课题:危机视角下山东省文化产业科学发展研究(2009316)的资助
关键词
经济刺激计划
退出政策
货币政策
财政政策
协调
国际比较
启示
economic stimulus policy
exit strategy
monetary policy
fiscal policy
coordination
international comparison
enlightenment
