中国资本泡沫及应对措施  

China's Capital Bubbles and Their Countermeasures

作　　者：张乐 魏巍 ZHANG Le WEI Wei(Center of Strategic Planning, Guangzhou Rural Commercial Bank, Guangzhou, Guangdong 510623, China Postdoctoral Workstation, Guangzhou Rural Commercial Bank, Guangzhou, Guangdong 510623, China)

机构地区：[1]广州农商银行战略研究中心,广东广州510623 [2]广州农商银行博士后工作站,广东广州510623

出　　处：《长沙理工大学学报（社会科学版）》2017年第5期19-25,共7页Journal of Changsha University of Science and Technology：Social Science

摘　　要：基于1999-2015年中国资本泡沫现状和两种泡沫处理模式的分析,对中国资本泡沫的应对措施进行了探讨,文章认为:资本对中国经济增长的促进作用是毋庸置疑的;资本泡沫的形成是一个逐步累积的过程;目前资本泡沫已被中国企业充分认识,企业正从"套利"型向"创新"型转变。为治理泡沫,刺激经济复苏,应在货币政策、财政政策、政府考核、土地财政等几方面做出努力。This paper, based on the analysis of capital bubble＇s current situation and two processing modes from 1999 to 2019, probes into the countermeasures for capital bubble. Results shows that capital＇s contribution to economic growth is beyond doubt in China, that formation of capital bubbles is a gradual accumulation process, and that the capital bubble has been recognized by enterprises which are changing their mode from ＂arbitrage＂ to ＂innovation＂. To govern bubble and stimulate economic recovery, efforts should be made from follows., monetary policy, fiscal policy, evaluation mechanism for local government, land finance, and so on.

关 键 词：资本泡沫 房地产 货币政策 财政政策 改革 

分 类 号：F832[经济管理—金融学]