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  • 标题:The cause, features and effects of current policy mix of opposing fiscal and monetary policies
  • 本地全文:下载
  • 作者:Wei Liu ; Wei Liu
  • 期刊名称:China Finance and Economic Review
  • 电子版ISSN:2196-5633
  • 出版年度:2014
  • 卷号:2
  • 期号:1
  • 页码:1-12
  • DOI:10.1186/2196-5633-2-1
  • 语种:English
  • 出版社:Springer
  • 摘要:AbstractCurrently, China's expansionary fiscal policy and tight monetary policy have formed an opposing policy mix. This is due to the imbalanced macro-economy, which suffers from the pressures of inflation and slow growth. In response to economic changes, China adjusted its monetary policy as the real economy has a weak demand for money. In its reactions to the financial crisis, China adopted a series of policies different from those implemented in European and American countries. For this mix of opposing fiscal and monetary policies to be effective, three conditions should be met: the adjustment of direction should fit the real imbalanced economic situation, financing and investing mechanisms should be market-based, interest rates and exchange rates should gradually become market-determined.
  • 关键词:Macro-control;Fiscal policy;Monetary policy;Mix of easing and tight policy
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