我国财政赤字和货币供应量联动性的实证模型分析

近期以来国际金融危机的加深,进一步揭示了一国财政赤字与宏观经济之间的深刻关联。进入新世纪以来,我国运用财政赤字的手段和方法不断改进,对于我们应对国际金融市场的动荡、促进内需和经济增长起到了很大作用。但同时,财政赤字与货币发行量之间不可调和的正向关系,也给我国经济体系带来了一定的隐患。因此,通过理论梳理与实证分析来理清赤字规模和货币供应量之间的关系,有助于我们今后宏观经济管理手段和金融市场监管能力的提升。

China’s fiscal deficits and monetary supply co-integration model analysis

The recent international financial crisis deepened,further reveals the profound correlation between a country’s fiscal deficit and macroeconomic.Of the use of budget deficit means and methods of continuous improvement,and played a big role for us to deal with the shock of the international financial markets,boosting domestic demand and economic growth.But at the same time,the the irreconcilable positive relationship between fiscal and monetary circulation,but also to our economy,bring hidden dangers.Therefore,the relationship between the analysis of the size of the deficit and money supply,to help our regulatory capabilities.