对《马约》赤字率、债务率参考标准的反思

Reflection of the Reference Standard of the Deficit Rate and Debt Rate in the Maastricht Treaty

结合当前世界各国纷纷推行应对金融危机的赤字财政政策的背景,分析《马约》赤字率、债务率参考标准。结果表明,名义经济增长率超过5%是《马约》参考标准成立的必要条件,金融危机促使世界各国经济普遍出现衰退或者增长放缓,《马约》参考标准在金融危机中显示出局限性,然而,在新的评价手段出台之前,我国并没有放弃遵循《马约》参考标准的充足理由。

Basing on the background that countries around world are carrying out deficit finance policy to cope with financial crisis recently, this paper analyzes the reference standard of the deficit rate and the debt rate in the Maastricht Treaty. The result shows that the growth rate of nominal economy surpassing 5% is the necessary condition for the the reference standard of Maastricht Treaty. The financial crisis causes the economy of countries around the world universally to recess or to grow slowly. The reference standard in Maastricht Treaty has exhibited some limitations. However, before a new evaluation policy has been proposed, China has no sufficient reason to give up the reference standard in the Maastricht Treaty.