宏观调控与实体经济

我国当前的宏观经济面临通货膨胀和经济增长下行的双重压力,两者都会在实体经济上反映出来。针对通货膨胀应该高度关注并采取适度的宏观调控政策,但不能反应过度。现阶段的主要矛盾已经转到经济增长下行问题。宏观经济学的精髓在于均衡,合适的宏观政策应该是在保持经济增长和控制通货膨胀之间找到均衡,选择一个合适的均衡点。我国近期根据宏观经济的走势实施稳健的货币政策和积极的财政政策,意味着将会释放出数量较大的流动性,而这些流动性应该重点流向实体经济。有效的宏观调控必须是以市场化改革所形成的经济体制为基础的。不能因为宏观调控而放慢市场化改革的步伐,尤其要支持实体经济领域民营经济的发展。

Macroeconomic Regulation and the Real Economy

Our country′s macro-economy faces pressure from both inflation and downward trend of economic growth, which both affect the real economy. It is urged to take active macroeconomic policy measures and pay high attention to inflation, but it is not recommended to act unduly. The main conflict now is the slow down of the economy. Suitable economic policy should be the ones that find the balance between keeping economic growth and containing inflation. Our country adopts stable monetary policy and active fiscal policy at present, which will release relatively large amount of liquidity. This liquidity should mainly be directed towards the real economy. Effective macroeconomic regulation must be based economic system formed through reform of marketization. The pace of reform should not be slowed by macroeconomic regulation, especially the development of private sector in the real economy.