中国货币政策与财政政策协调的实践分析

Practice and Development of the Accordance of Monetary Policy and Financial Policy in China

货币政策与财政政策协调作为政府宏观调控的有力工具,必须保持彼此之间的协调。货币政策与财政政策的协调配合如果从配合的形式上分析,主要包括政策工具的协调、政策时效的协调、政策功能的协调以及调控主体、层次、方式的协调。我国政府对宏观经济的管理经历了三个阶段的发展,由直接控制向间接控制逐步过渡,财政政策和货币政策的协调控制逐渐成为政府调控经济的主要手段。我国的财政政策正向公共财政模式过渡,财政政策的扩张效应呈现递减态势。在现阶段,应该进一步降低贷款利率,加大对中小金融机构资金的扶持力度,促进中小企业的投资,从而通过有效的货币政策稳定价格指数,保持必要的投资力度。

Both monetary policy and financial policy are powerful macro control tools for government. It is crucial to keep two in havmony. There are various forms of accordance between monetary policy and financial policy, including: policy tool consistency, policy validity accordance in phase, policy functions accordance and the accordance of the main body, hierarchy and methods of macro control. The governing pattern in Chinese government is transforming from immediate control to indirect ways by the development in three stages. Monetary policy and financial policy become main ways to control the economy. The expansionary effect of financial policy is being diminished as well as the mode of financial policy in China is transforming to public finance. In the current situation, loan interest should be further decreased and the support to the medial and small financial institutions should be improved in order to boost the investment in medial and small enterprise, keep the steadiness of price index. 