观点财政政策

Print money to fund the deficit – that is the fastest way to raise rates
什么是提高利率的捷径?


新manbetx20客户端下载 思维研究所高级研究员特纳:我们应当迅速回到较高的利率,以去除对高杠杆的危险补贴。为此,应暂时扩大财政赤字,资金缺口由央行印钞来填补。

What is the right course for monetary policy? The International Monetary Fund seems to answer with forked tongue. Its latest World Economic Outlook urges that monetary policy should stay loose to stimulate growth. Yet its Global Financial Stability Review warns that loose monetary policy risks creating financial instability, which could crimp growth. In fact the best policy is to print money and raise interest rates. That sounds contradictory, but it is not.

货币政策的正确路线是什么?国际货币基金组织(IMF)似乎给出了自相矛盾的回答。IMF在其最新《世界manbetx20客户端下载 展望》(World Economic Outlook)中呼吁保持宽松货币政策以刺激增长,但在其《manbetx app苹果 金融稳定报告》(Global Financial Stability Report)中又警告宽松货币政策有可能导致金融不稳定、进而阻碍增长。实际上,最好的政策是印钞并提高利率。这听起来相互矛盾,其实不然。

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