-
Generally speaking. There are only two types of monetary policy: one is monetary tightening, and the other is loose money.
Tight monetary policy.
In layman's terms, I think there is too much money in circulation, and I hope to reduce the monetary policy taken a little! Tightening monetary policy is generally the result of inflation in the economy.
By raising interest rates, consumption growth is curbed and excessive price growth is controlled to achieve the goal of controlling inflation.
There are two types of monetary tightening:
1: Reduce the amount of money, 2: raise interest rates and strengthen credit control.
Monetary easing: Accommodative monetary policy generally increases the amount of money in the market, such as issuing money directly, buying bonds in the open market, and reducing the reserve ratio and lending rate.
The more money there is, the easier it is for enterprises and individuals to borrow money, which can generally make the economy develop faster, and is a measure to promote prosperity or resist recession, such as a large amount of credit released by ** is a manifestation of loose monetary policy.
1: Reduce the reserve requirement ratio.
As a result, commercial banks will reduce the deposit reserves they have handed over and increase the amount of funds that can be loaned.
2. Reduce the rediscount rate.
Enables commercial banks to discount bills.
3. Banks buy valuable currency in the market and put it on the market.
4. Relax credit conditions and scale.
-
Economic situation: The dilemma of slowing economic growth and persistently high CPI
Policy fine-tuning: Reducing the reserve requirement ratio, lowering the benchmark interest rate, allowing the deposit interest rate to rise to 10%, and carrying out a trial implementation of interest rate market-oriented reform.
According to the current situation in our country, I believe that the overall is double loosening, but the pace of monetary policy easing must be slow, and appropriate relaxation can be achieved through the combination of release and harvest. Fiscal policy needs to be eased.
1 GDP growth declined from the first quarter of 2011 to the second and third quarters. The slowdown of economic growth will cause a series of social problems, mainly a series of problems such as unemployment and social stability caused by unemployment, and the purpose of boosting the economy, solving employment, stabilizing workers' incomes, and stabilizing society can be achieved through the appropriate relaxation of monetary policy. However, the relaxation of monetary policy has caused a certain increase in the scale of credit, one is to solve the problem of the capital chain of enterprises, and the effect may not be obvious in today's private small and medium-sized enterprises as the main GDP creators; Second, in the environment of high reserve ratio, financial institutions have formed a certain practice of bypassing monetary policy through the innovation of financial instruments, and the actual effect of monetary policy has been reduced.
2 The implementation of fiscal policies, such as the issuance of local government bonds, has squeezed out the release of monetary liquidity, expanding investment but reducing consumption. The mixed use of expansionary fiscal policy and expansionary monetary policy has kept the market interest rate level stable, and under the condition of high CPI, the deposit and loan interest rates should not be greatly relaxed, otherwise this year's regulation and control (especially the regulation and control of housing prices) will be in vain.
The coordination and coordination of monetary policy and fiscal policy is an objective requirement and a necessary condition for achieving the state's macroeconomic management objectives. However, the effect of the coordination and cooperation of the two major policies depends not only on the correct determination of the coordination mode of the two major policies and their specific operations, but also on the coordination and cooperation of the external environment to a large extent. For example, there is a need for coordination of other policies such as industrial policy, income distribution policy, foreign trade policy, and social welfare policy; There is a good international environment and a stable domestic social and political environment; There is a reasonable first-class system and the operating mechanism of enterprises (including financial enterprises); It also needs the support and cooperation of various ministries, departments and localities.
-
Against the backdrop of the increasingly severe world financial crisis and the increasingly obvious impact on China's economy, China has made major adjustments to its macroeconomic regulation and control policies, will implement a proactive fiscal policy and a moderately loose monetary policy, and will arrange 4 trillion yuan of funds to vigorously stimulate domestic demand and promote stable economic growth in the next two years or so.
The executive meeting held on November 5 proposed that in order to resist the adverse impact of the international economic environment on China, it is necessary to adopt flexible and prudent macroeconomic policies to cope with the complex and changeable situation. At present, it is necessary to implement a proactive fiscal policy and a moderately loose monetary policy, and to determine and introduce 10 measures to further expand domestic demand, involving speeding up projects for the people's livelihood, infrastructure, and the construction of the ecological environment, as well as post-disaster reconstruction, raising the income level of urban and rural residents, especially low-income groups, and promoting steady and relatively rapid economic growth.
The 10 measures announced on November 9 are strong and fast, sending a strong policy signal to maintain steady and rapid economic development. Zhang Liqun, a researcher at the Development Research Center, said that taking investment as an example, the total scale of China's investment in fixed assets last year was one trillion yuan, and the scale of investment in expanding domestic demand under this new arrangement will reach 4 trillion yuan in just over two years by the end of 2010, and this will have a very obvious effect on stimulating the economy.
Judging from the judgment of experts from all quarters, the international financial crisis that has swept the world has had a greater adverse impact on China's economy than the Asian financial crisis in 1998. At present, external demand is weakening, some enterprises are experiencing operational difficulties, investment is declining, and domestic demand is sluggish. At this time, it is necessary to reactivate the active fiscal policy, cooperate with the implementation of a moderately loose monetary policy, and expand the scale of investment to stimulate domestic demand.
A proactive fiscal policy means that by expanding fiscal expenditure, the fiscal policy will play a more direct and effective role in initiating economic growth and optimizing the economic structure. This policy played an important role in coping with the Asian financial crisis and the catastrophic floods in China after 1998, and effectively stimulated economic growth. In 2005, in view of the marked acceleration of domestic social investment and the abundant economic vitality, the proactive fiscal policy was officially withdrawn after seven years of implementation and turned into a prudent fiscal policy.
This is also the first time in more than 10 years that the term "accommodative" has been used in China's monetary policy. The appropriately loose monetary policy is intended to increase the money supply, and while continuing to stabilize the overall level, it is necessary to play a more active role in promoting economic growth. In 1998, while China was implementing a proactive fiscal policy, it also practiced a prudent monetary policy.
In the second half of 2007, in view of the phenomena of excessively fast prices and high investment and credit growth in the economy, the monetary policy changed from "prudent" to "tight". Today, the shift to "appropriately accommodative" monetary policy implies a major shift in the direction of the money supply.
The 10 measures for expanding domestic demand and promoting economic growth put forward by the executive meeting have fully demonstrated the distinctive characteristics of this round of macroeconomic regulation and control measures and demonstrated the confidence and determination to maintain steady and relatively rapid economic development.
-
The United States from 2008.
Bai economic crisis, the Chinese economy is afraid of spreading to the real economy of the country, so the beginning of a large number of special banknotes, put forward a 4 trillion investment policy, but I personally think that China's economy problems are mainly export-oriented enterprises, ** This move is equivalent to giving the Chinese economy a dose of aphrodisiac, China's economy is originally the proportion of investment is greater than exports and consumption, so the result is that the currency is over-issued, which will inevitably cause inflation.
Therefore, the current policy that should be adopted:
In terms of fiscal policy: reduce the tax of private enterprises, increase the proportion of dividends of central enterprises, and support the development of small and medium-sized enterprises;
Increase the first transfer payment expenditure, ensure that ordinary residents have a certain amount of spending power, levy real estate tax on the real estate market, and regulate speculation in the real estate market;
In terms of monetary policy, we will raise the reserve requirement ratio, reduce the M2 inflow into the market through the money multiplier, raise the interest rate on residents' deposit reserves, and ensure that the real savings interest rate of residents is positive;
The central bank issues bonds, ** too much money, and guarantees that the amount of money flowing into the market reaches a slightly more stable amount;
Intensify the management of markets for agricultural and sideline products to prevent the decline in residents' living standards caused by speculation;
-
The recent changes in China's fiscal policy and monetary policy have changed from a combination of active fiscal policy and moderately loose monetary policy to a positive fiscal policy and a prudent monetary policy.
-
Because it is necessary to develop, it is necessary to adopt a proactive fiscal policy, and the monetary policy must be flexible, because it cannot be too tight, nor can it be too relaxed.
Abstract With the rapid development of China's economy and society, the gross national product (GNP) has occupied the second place in the world, which is closely related to the continuous improvement of the socialist market economy and has also benefited from the state's correct macroeconomic regulation and control policies. However, there are still many problems in the process of China's economic development, and only by properly resolving these problems can we promote the healthy and stable development of China's economy. This paper attempts to expound the current situation of China's macroeconomic development at the present stage, and puts forward suggestions for macroeconomic regulation and control policies in light of the actual situation. >>>More
International capital flows have a twofold impact on the economies of both the incoming and outgoing countries. >>>More
Legal analysis: "Macroeconomic policy" refers to the state or consciously and systematically using certain policy tools to regulate and control the operation of the macroeconomy in order to achieve certain policy objectives. Macroeconomic regulation and control is the basic responsibility of public finance, the so-called public finance, refers to the distribution behavior or other forms of economic behavior in order to make up for market failures and provide public services to the society. >>>More
1. Increase household income (such as reducing income disparity). >>>More
Oh my god! It's all western.