回归恒等式是实现我国宏观经济均衡的根本途径

Back to Identical Equation is the Fundamental Way to Realize Macro-economic Balance for China

本文从国民经济恒等式"投资等于储蓄"的理论出发,认为当前经济增长放缓、通货膨胀加剧的深层次根源是国民经济长期储蓄、投资与消费三者关系失衡的综合反映。在当前情况下,解决之道是通过"从紧货币政策、宽松信贷政策、稳健财政政策、稳定汇率政策"等手段改变投资长期持续低于储蓄的困境,通过扩大投资来改善就业,提高消费者收入水平,最终实现投资储蓄相平衡的目标。

This paper indicates that the deep-rooted cause of current economic slowdown and inflation acceleration is the comprehensive reflection of long-term imbalance among saving, investment and consumption, based on the identical equation of national economy, that is, investment equals saving. In the current circumstances, we should get out of the predicament that investment has been consistently smaller than saving by applying tight monetary policy, loose credit policy, sound financial policy and stable exchange rate policy, improve employment and enhance consumer income by expanding investment, and ultimately make saving equal investment.