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出处:FT中文网《CMRC朗润经济评论》(http://www.ftchinese.com/story/001046150),“如何评估发达国家经济减速?”如何看待发达国家经济前景,是中国经济政策战略调整的重要内容。受制于财政政策空间显著缩窄,发达国家刺激经济增长的政策重点更多仰仗货币政策。然而,结合市场表现来看,货币政策有效性下降的事实日益突出,货币政策空间也在缩窄。发达国家面临经济减速及宏观政策空间缩窄两大困境。然而,有些评论人士认为,当前发达国家财政政策空间缩窄是发达国家减速的主要原因,因为在市场低迷、私人部门不愿意投资消费的情况下,政府通过财政扩张能够有效促进经济增长,当前发达国家财政政策空间缩窄无疑限制了发
Source: FT Chinese Network “CMRC Long Run Economic Review” (http://www.ftchinese.com/story/001046150), “How to assess the economic slowdown in developed countries?” How to view the economic prospects of developed countries is China’s economic policy Strategic adjustment of the important content. Subject to the significant narrowing of fiscal policy space, the policy priorities of developed countries to stimulate economic growth are more dependent on monetary policy. However, judging from the market performance, the fact that the effectiveness of monetary policy is declining is increasingly prominent and the space for monetary policy is also narrowing. The developed countries are facing two major difficulties, such as economic slowdown and narrowing of macroeconomic policies. However, some commentators think that the narrowing of fiscal policy in the developed countries is the main reason for the slowdown in developed countries. In the market downturn and the private sector’s reluctance to invest and consume, the government can effectively promote economic growth through fiscal expansion. The current developed The narrowing of national fiscal policy has undoubtedly limited hair