基于丁伯根法则稳定经济金融  

To achieve economic and financial stability according to the Tinbergen＇s rule

作　　者：赵玉睿 

机构地区：[1]华夏银行总行战略发展部

出　　处：《中国货币市场》2016年第5期57-61,共5页China Money

摘　　要：当前国内经济新动能亮点不断，长期趋势向好。同时国内也面临一些矛盾，总需求不足与结构性问题并存。为实现内外均衡发展的多目标抉择，可遵循“丁伯根法则”，有效搭配财政、货币、汇率等政策组合，提高政策组合的效率。实施积极财政政策搭配灵活的汇率政策增加基础货币供给，提高总需求，通过宏观审慎政策抑制杠杆波动防范资本流动冲击，确保货币政策独立。China＇s economy shows a lot of highlights and the long term growth prospects are good. Yet, one of the conflicts is the co-existence of insufficient total demand and structural problems. To achieve internal and external economic balances and multiple policy targets, China should adopt a combination of fiscal monetary and exchange rate policies and increase the efficiency of policy initiatives accord ng to the Tinbergen＇s rule A pos tive fiscal policy in coordination with a flexible exchange rate policy can increase the supply of base money and raise the total demand. Macroprudential policies can curb fluctuations in leverage rate guard against the impact of capital outflow and ensure the independence of monetary policy.

关 键 词：经济金融 法则 基础货币供给 总需求不足 稳定 国内经济 政策组合 汇率政策 

分 类 号：F832.5[经济管理—金融学]