Adjust the macro-control policy adapt to the structural reform of the supply side – Theory –

The adjustment of macro-control policy   to supply side structural reforms – Theory – original title: macro adjustment policies supply side structural reforms should focus on the supply side, taking into account the demand side; based on the structural and cyclical co movement; based on the economic system, promoting the comprehensive deepening of reform. Macroeconomic regulation and control policy needs to shift from total control to structural adjustment, structural fiscal policy and structural monetary policy. The structural reform of supply side in China has been highly praised by the international community, which has been paid more attention to by the domestic society, which has injected enormous impetus to the academic circles and the policy research circles. Macroeconomic trends and supply side structural reform since the outbreak of the subprime mortgage crisis, the problem of insufficient effective demand has not been effectively resolved for a long time, the global trade shrinking, the recovery of growth differentiation. In addition to the recent rapid growth, the eurozone recovery is still slow, the Japanese economic recession highlighted the "Andouble economics" discomfort, many emerging economies and developing countries significant decline in the growth rate. No synchronization among different countries and regions of economic recovery, increased the new round of world economic competition started, trade protectionism and beggar thy neighbour rise, the pattern of global governance is becoming more and more complicated. These changes in macroeconomic trends will have a lasting impact on china. Focus on the supply side, the demand side. If the demand side with investment, export and consumption of the "three carriages" visualization of pull on the economy, then the supply side factors affecting the shape is still brewing, on the supply side of the index component is very complex, there are six representative factors (i.e., labor, land, natural resources, capital, science and technology innovation the management system, there are four factors), said (that is, labor, land, capital, labor, capital or four factors of innovation, technology and system, there are two factors, four factors) said (i.e. the input of production factors including land, labor, capital, entrepreneurs and government, the increase of TFP includes upgrading the system transformation, structure optimization the above three elements), and supply side factors should include the accepted version of labor, capital and technology of the three new strength. For a long time, our country has adopted the demand side management thought, this kind of train of thought also adapts to the objective historical condition at that time. The beginning of reform and opening up, the coastal area "three" is like a raging fire, leveraging overseas demand. The demand side has played an indelible role in promoting China’s economic growth. China has become the world’s largest foreign exchange reserves, after the United States GDP reached $10 trillion, the total ranked second in the world, the international authority of various economic organizations are very interested in China than the United States forecast schedule. Because of the demand side, China took the lead out of the Asian financial crisis in 1997, after the outbreak of the subprime crisis in 2007, China’s recovery in a relatively short period of time and led to the recovery of other countries. At the same time, the construction of infrastructure in our country is also changing the new moon. With China’s economy has entered a new norm, the original management idea became weak, the demand side management mainly result in declining, drop 2, 2 times, 3 times to cut interest rates in 2015, the "double down" allows us to clearly determine, if continue to Jianli相关的主题文章: