In this paper, the authors fully affirm the positive functions of the moderate monetary policies carried the central government in recent years first. And then they analyze and illustrate the reasons and mechanisms of the deffatianary trend reappeared from last September till using the statistic datum according to the short-run policy operation requirements. They point out that it shouldn' t redound to employ the redundant workforces, material and financial resources efficiently according to the actual GDP growth rate that lovered much~than the potential GDP growth rate in recent years. Based on these points they offer a series of suggestions for restraining the deflationary trend勿releasing the monetary policy structurally under the basic framework of the moderate monetary policies.
|Original language||Chinese (Simplified)|
|Number of pages||7|
|Publication status||Published - 2002|
- Monetary policy
- Deflationary trend