我国反危机刺激政策的退出机制分析

反危机经济刺激政策作为一种过渡性政策,在完成其使命后,必须在合适的时机选择退出。在退出的时机上,应当以经济重获稳定增长的基础作为标准,并需要综合考虑资产价格上涨水平、欧美等发达国家的政策选择等因素。在退出手段上,建议货币政策应先行退出,真正回归"适度"宽松,而在财政政策的选择上,可考虑对财政支出的投向进行适度调整。

The economic stimulus policy is a transition policy.After serving its purpose,it is important to stop using these policies at the right time.The right timing of the economic stimulus exit mechanisms should be set at regaining the steady growth of the economy as a yardstick.Apart from that,the government also needs to consider the inflation,and the policies of Europe,the United States and other developed countries.In the exit mechanism,we suggest that monetary policy exits first,and let it be 'moderate' liberal;fiscal policy could be considered adjust the investment orientation of fiscal expenditures.