中国经济周期与财政政策调控的阶段性

Economic Cycle in China and the Periodicity of Fiscal Regulation and Control

经济周期与财政政策调控之间有着非常深刻的内在逻辑关系。本文基于经济实际增长率的"谷-谷"划分法,将改革开放以来的经济周期分为6个,我国实施了七轮宏观调控,其中五轮治理经济过热或偏快,两轮防止经济衰退。从中国财政政策历次调控经济周期的政策实践来看,中国财政政策取向的转变与经济周期的波峰或波谷高度一致,反周期中也积累了一些经验和教训,这些都可以为今后更好地发挥财政政策的逆周期调节作用提供借鉴。

There is a very deep internal logic relationship between the economic cycle and fiscal regulation and control.In this paper, based on the actual economic growth rate of the Valley-Valley Division, the economic cy-cle is divided into 6 categories since the reform and opening up. China has implemented seven rounds of macroeconomic regulation and control, in which the five rounds treat overheating or excessiveeconomyand two rounds treat recession. From the previous regulation practice of the economic cycle, changesofChinese fiscal policy had been consistent with the economic cycle peak or trough, and it also accumulated some experiences and lessons.These lessons are good for the futureadjustmentof counter-cyclical fiscal policy to play a better role.