李嘉图等价定理及其在中国的适用性

在有关论述政府债务经济效应的理论中,李嘉图等价定理提出了和凯恩斯主义不同的观点。通过运用理论分析和实证分析,对李嘉图等价定理在我国是否成立进行了分析,得出的结论是在中国目前经济转型阶段,尽管李嘉图等价定理不成立,但它提醒人们注意在使用财政赤字政策时,政策工具使用的限度,因此李嘉图等价定理对我国的财政政策仍具有一定的指导作用。

Analysis of Ricardo Equivalence Theorem and Its Applicability in China

Among the theory about the economic effect of the public debt,Ricardo Equivalence Theorem offers a different viewpoint from Keynes.This paper analyzes whether Ricardo Equivalence Theorem satisfies our country,using theory and positive analysis.The conclusion is,in the economic type transforming stage,Ricardo Equivalence Theorem is not satisfied,but it reminds us of paying attention to the limit of policy tools when using expansionary fiscal policy.Thus,Ricardo Equivalence Theorem has certain guidance effects on our country's fiscal policy.