金融风险财政化、财政风险金融化与经济增长

Economic Growth In Case of Fiscalization of Financial Risk And Financialization of Fiscal Risk

金融风险财政化和财政风险金融化,虽然在短期内可以抑制金融风险和财政风险,但是,在长期内这些风险还是会以更加猛烈的方式释放出来,向上提升宏观经济风险,威胁一国经济安全,并最终抑制经济增长。这个推断,不仅在一个最优化的模型中得到证明,而且也为基于中国经济数据的协整检验所部分证实。

Although the fiscalization of financial risk and the financialization of fiscal risk can control financail risk and fiscal risk in the short run,but such risk would burst out by a violent way in the long run,which would increase macro-economic risk,threaten national economic security and restrain economic growth.This deduction is not only proved to be true in a model of optimization,but also partly validated by the analysis of cointegration based on Chinese economic data