经济周期性波动与政府宏观调控措施——基于中国和美国的经验分析
Business Cycles and Government Macro-control Policies:Based on Empirical Research on China and the United States
作者:李天德;曾忠东;谢志超;
Author:
收稿日期: 年卷(期)页码:2008,(05):-5-13
期刊名称:四川大学学报(哲学社会科学版)
Journal Name:Journal of Sichuan University (Social Science Edition)
关键字:经济波动;宏观调控;协整检验;VEC模型;中国;美国
Key words:
基金项目:国家社科基金重大项目《世界经济周期性与非周期性波动与中国经济预警机制建设》(05&ZD006)的阶段性研究成果
中文摘要
通过协整检验和基于向量误差修正VEC模型的因果关系检验,分析中美两国经济周期性波动与政府宏观调控措施之间的内在关系,同时对中美两国政府实施调控政策的偏好和有效性进行对比分析。结果发现,中国宏观经济波动与美国宏观经济波动存在长期的相互关系;中国更侧重于使用政府消费与投资支出作为短期调控措施,而美国更偏向于使用联邦基金基准利率作为短期调控经济的信号;中国政府在运用货币供给量M2作为宏观调控政策时更具有主动性,而基准利率工具属于弱外生变量,显著受到经济波动的反馈作用。美国政府支出属于强外生变量,政府对其调控的自主性较强。
英文摘要
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