欧元体系财政与货币政策协调性分析

欧元区集中统一的货币政策和权力分散的财政政策 ,已有 4年多的实践历程 ,实践表明财政与货币政策协调性较差 ,欧盟的机构设置与政策结构的设计的确存在缺陷 ,采取扩张性货币政策缓解内部冲击与价格稳定首要目标已处于两难境地。实现统一的“大财政”,通过财政转移 ,重新配置资源 ,以帮助成员国吸收不对称冲击的影响 ,是提高欧元体系财政与货币政策协调性措施之一。

Analysis on the Harmony of Monetary Policy and Fiscal Policy in Euro-system

It has more than four years that a centralized monetary policy and a decentralized fiscal policy were practiced within Euro-area. Practice has proved that there is little harmonious between monetary policy and fiscal policy, and there really exist some shortcomings in the set of institutes and design of policies' structure in European Currency Union. It is in a dilemma to carry out expansive monetary policy for the main object of alleviating inner impact and stabilizing price. It is one of the measures to improve harmonious of monetary policy and fiscal policy that realize a centralized "big finance", redistribute resource through finance transferring in order to help members of the Union reducing the effect of asymmetric impact.