宏观调控面面观

市场经济运行不能没有宏观调控,这是我国改革以来的重要经验。当前宏观调控面临着新的情况,出现了“保经济增长”还是“遏制通贷膨胀”的争论。本文认为,两者是统一的。经济增长回到9％左右,不能说是“滑坡”;物价上涨控制在5％以下,却有难度。一定要运用计划、规划和适度从紧的货币政策和财政政策,力争实现平稳较快增长,治理通胀,不损害中低收入者的利益。

On Macroeconomic Regulations

Market economic performance could not do without macroeconomic regulations and this is the important lesson China draws from threedecades of opening and reform. Current new regulations are confronted with new problems concerning debates over priority on economic growth or priorityon containing inflation. The present paper argues that the two are actually one. Slower growth at 9% could not be viewed as plummeting; but it is difficultto keeep inflation rate below 5%. So a combination of measures has to be utilized including planning, plotting and moderately tight monetary and fiscalpolicy to ensure steady and relatively quick growth and controlling inflation while preserving the interests of the middle and lower incomers.