经济危机下国有经济应对信贷紧缩的机理——基于博弈论的分析

The Mechanism of State-owned Economy's Responding to the Credit Crunch During Economic Crisis——An Analysis Based on Game Theory

通过构建博弈论模型,分析了经济危机下信贷紧缩发生的机理,进而分析了国有经济在应对信贷紧缩中发挥的作用。比较了2007年危机下美国和中国的信贷紧缩情况,对博弈模型的分析结果进行了验证。研究结果表明经济危机下,宏观经济容易陷入信贷紧缩的困境,而国有经济在应对信贷紧缩中,可以发挥一定的积极作用,但国家通过国有经济干预宏观经济存在的严重弊端也不容忽视。

Based on imperfect information dynamic game models,the author analyzed the mechanism of the occurrence of credit crunch and the mechanism of state-owned economy＇s responding to the credit crunch during economic crisis.Furthermore,the author also compared the situation of the credit crunch in the United States and China during 2007～2009.Our analysis implies that macro-economy tends to fall into the plight of the credit crunch during economic crisis,while state-owned economy can play a positive role in response to the credit crunch.But the serious shortcomings of government intervention also can not be ignored.