摘要
为应对疫情造成的经济冲击,财政部有关人士提出“财政赤字货币化”,引起财政金融学界激烈争论。从理论基础、国外实践经验、必要性、风险与困境等方面对财政赤字货币化问题进行研究,认为现阶段我国并无必要进行财政赤字货币化,提高财政政策效率才是关键。建议加强财政政策与货币政策的协调配合,强化财政资金杠杆作用和优化融资平台。
In response to the economic impact caused by the COVID-19,experts in the Ministry of Finance proposed Monetization of Financial Deficit,which aroused fierce debates in financial academia.After studying the theoretical basis,experience of other countries,necessity,risks and difficulties,the paper believes that it is not necessary to monetize fiscal deficits at this stage.Improving the efficiency of fiscal policy is the key.So it is suggested that the government should strengthen the coordination of fiscal policy and monetary policy,and strengthen the leverage of fiscal funds and optimize financing platforms.
作者
许明
张立光
Xu Ming;Zhang Liguang(Payment and Settlement Office,Jinan Branch of People’s Bank of China,Jinan 250021,China;Financial Research Office,Jinan Branch of People’s Bank of China,Jinan 250021,China)
出处
《金融理论探索》
2021年第2期11-19,共9页
Exploration of Financial Theory
关键词
财政赤字货币化
现代货币理论
财政政策
货币政策
恶性通胀
monetization of fiscal deficit
modern monetary theory
fiscal policy
monetary policy
hyperinflation
