当前启动经济,扩张性货币政策应该慎行

To Stimulate Economic Prosperity,Expansionary Mone tary Policies Should be Carried out with Caution

在扩张性财政政策效应开始减退的情况下 ,是否应该同时采取扩张性的货币政策 ,实行“双松”的政策搭配 ,以刺激经济的发展 ?从货币政策发挥作用的客观条件、货币政策的效应、国家经济安全以及我国的实际情况出发综合考虑 ,目前尚不宜采用扩张性货币政策。当前货币政策的着眼点应放在改善投融资渠道、增强投资者的投资意愿上来 。

Under the situation that the effect of expansionary fiscal policies seems to decline,whether should we put expansionary monetary policies into practice simultaneously, taking a so called 'double expansionary' policy mix, to stimulate the economic development?To make a comprehensive survey, including the objective conditions that monetary policies can come into full play, the effect of monetary policies,the national economic security,and the actual situation of our country,the timing of adopting expansionary monetary policies is not yet ripe at present.The focus of current monetary policies should be placed in improving the investing and circulating channels and heightening the investors' confidence,so we can lay a solid foundation for the steady development of our national economy in the long run.