建立支持高质量增长的审慎的宏观政策新框架被引量：4

New Macroeconomic Policy Framework for Prudence and Higher-Quality Growth in China

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摘要中国的经济增长潜力至少将受到三个结构性因素的制约:劳动年龄人口下降、环境成本以及消费者偏好的改变。尽管技术进步和体制改革可以减缓增长潜力下降的速度,但未来十年经济增速放缓是难以避免的。鉴于经济增长潜力的下降和宏观杠杆率高企造成的金融风险累积,中国需要一个新的宏观政策框架来实现可持续、高质量且对环境友好的经济增长。这个新框架应当摒弃以GDP为核心的政策目标而更加关注宏观金融稳定。 China is facing a slowdown in economic growth potential due to at least three unavoidable structural issues: demographics, environmental costs, and changing consumer preferences. Ongoing technological innovations and reforms can partially cushion the deceleration, but a further slowdown in growth is inevitable in the coming decade. This trend, together with the financial risks caused by a high macroeconomic leverage ratio, calls for a new macroeconomic policy framework. Key to sustainable, high-quality, and environment-friendly growth in China is adoption of a macroeconomic policy framework that is less growth-centric and focuses more on macroeconomic and financial stability.

作者马骏

机构地区清华大学金融与发展研究中心

出处《中国经济报告》 2019年第3期15-21,共7页 CHINA POLICY REVIEW

关键词经济增速放缓结构性因素宏观政策新框架高质量发展经济金融稳定 Slowdown in Growth Structural Issues New Macroeconomic Policy Framework Highquality Development Macroeconomic and Financial Stability

分类号 F124 [经济管理—世界经济]

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参考文献1

1Fang Cai,Yang Lu.Population Change and Resulting Slowdown in Potential GDP Growth in China[J].China & World Economy,2013,21(2):1-14. 被引量：41

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