利率管制下中国宏观经济稳定与利率政策  

China's Macroeconomic Stabilization and Interest Rate Policy under the Condition of Interest Rate Control

作　　者：孙稳存[1] 

机构地区：[1]中国人民大学经济学院,北京100872

出　　处：《财经问题研究》2003年第11期42-47,共6页Research On Financial and Economic Issues

摘　　要：本文在IS—LM—AS模型的框架下 ,分析了利率管制条件下中国宏观经济均衡状态的特点、动态调整方式。研究结论表明 :在利率管制条件下 ,由于市场自身缺乏稳定机制 ,经济只存在惟一的均衡路径 ;任何冲击都会破坏经济的稳定 ,而经济体系自身不会向稳定方向调整 ,其结果是经济波动呈发散趋势。通过进一步对中国改革开放以来利率政策的操作方式及绩效的考察发现 :利率政策调整滞后、调整不充分。Under the framework of LS-LM-AS model,the paper studies features and adjustment of Chinas macroeconomic equilibrium under interest rate control,and the study shows that any shocks can damage the economic stabilization,and the economy does not move automatically to the right direction itself Through analysis on interest rate policy in China since economic reform and opening up,the paper believes that there are still issues to be resolved in interest rate policy

关 键 词：利率管制 IS—LM—AS模型 宏观经济稳定 利率政策 

分 类 号：F830.7[经济管理—金融学]