财政政策仍对全球经济至关重要

• 作 者: 贾森·弗曼 杰伊·C·香博 融汐
• 机 构: 白宫经济顾问委员会,
• 出 处: 博鳌观察
• 发表日期: 2016年03期
• 关键词: 财政政策 国内生产总值 奥巴 生产率 货币政策 经济增长 就业增长 产出增长率 政策组合 至关重要

以国内生产总值(GDP)和失业率来看,美国从危机中的复苏相对迅速。这在很大程度上归功于奥巴马政府强有力的财政政策。究其原因,首先,财政政策可以是正和(positive sum),既能扩大本国需求,也能扩大全球经济中的需求;其次,财政政策不仅能扩大现在的需求,而且如果以投资的形式实施,还能扩大未来的供给;最后,在利率较低并且受到零下限的有效约束时,财政政策尤其有效。

In terms of gross domestic product (GDP) and unemployment, the U.S. recovery from the crisis is relatively rapid. Much of this is due to the Obama administration’s strong fiscal policy. The reason, first of all, fiscal policy can be a positive sum (positive sum), both to expand domestic demand, but also to expand demand in the global economy; secondly, fiscal policy can not only expand the current needs, and if implemented in the form of investment, But also to expand the supply in the future; and finally, fiscal policy is especially effective when interest rates are low and subject to effective constraints of zero.