论文部分内容阅读
1996年,是我国改革开放以来宏观经济发展质量最佳的一年,各项宏观经济指标均达到合理预期甚至优于预期。经济发展开始跳出“一忪一紧、忽快忽慢”的低质机械循环而进入适度快速和相对平稳的发展时期,表明以货币政策为主要手段的宏观调控机制已开始有效地运作。但是,回顾过去一年我国的股市,却走过了大起大落、惊心动魄的曲线,呈现出与宏观经济平稳发展强烈相违的事实。当然究其原因是在
In 1996, it was the best year for macroeconomic development since the reform and opening up in China. All the macroeconomic indicators reached a reasonable expectation even better than expected. Economic development began to jump out of a moderately rapid and relatively stable period of development with a low-quality mechanical cycle of “one-on-one-tight, rapid and slow”, indicating that the macro-control mechanism with monetary policy as the main means has begun to operate effectively. However, reviewing the stock market in our country in the past year has gone through a ups and downs and a thrilling curve, showing the fact that it strongly contradicts the steady development of the macroeconomy. Of course the reason is