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我国财政政策的is-lm模型分析(Analysis of IS-LM model of fiscal policy in China)
我国财政政策的is-lm模型分析(Analysis of IS-LM model of fiscal policy in China)
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Analysis of IS-LM model of fiscal policy in China
In recent years, especially before 2002, China has been inclined to implement an active fiscal policy, increase infrastructure investment, expand government expenditure and stimulate economic growth in the macro economic regulation and control. This is in line with our countrys economic growth rate and economic situation at that time. However, from 2003, the economic situation began to change, in 2003, Chinas GDP growth rate reached 9.3%, in 2004, the annual GDP reached 13 trillion and 700 billion yuan, an increase of 9.5. Under this kind of change, our country has implemented the positive fiscal policy for 7 years and began to withdraw in 2005. In order to curb potential inflation, prevent overheating and ensure economic stability, China adopted a prudent monetary policy and a sound fiscal policy in 2005. That is, monetary policy and fiscal policy of double stability. The author intends to discuss the double stable macroeconomic policy from the IS-LM curve. I. a brief review of the IS-LM theory, the IS-LM model, was awarded by the Nobel prize in economics and founded in 1937 by British economist Hicks. The model describes the horizontal relationship between interest rates and national income on the basis of Keyness interest rate mechanism. The IS and LM curves represent the combination of interest rates and national income levels when commodity markets and money markets are in equilibrium. The IS curve of commodity market equilibrium, changes in interest rates and the reverse of national income, I investment (investment), S (saving) refers to savings; LM curve to describe the currency market, in equilibrium, the positive changes in the relationship between in
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