Institutional Transition In Macroeconomic Regulation And Control Research

The dissertation is entitled "macroeconomic regulation in system transition course". By analyzing macro economic situation in different system transition stages, the dissertation reveals the coordinative and consistent relationship between macroeconomic stability, economic growth and market-oriented reform. It is not only the conclusion of experiences and lessons in former stage, but also the basic rule that macroeconomic policy should abide by in mid-later system transition stage. In order to reach it, macroeconomic theory and policy should deal with the relationship between short-term regulation and long-term growth, aggregate regulation and structural adjustment, policy and system properly.The dissertation includes five parts:The first part: preface. It emphasizes on the reasons that the author study macroeconomic regulation in mid-later system transition stage and the relationship that macro policy should cope with properly between short-term regulation and long-term growth, aggregate control and adjustment, policy and system.Macroeconomic regulation refers to not only theory, but also practice. On the one hand, new and complex situation challenges macro-economic policy in mid-later system transition stage. It is urgent for academic circles to do deeply research in macroeconomic regulation in whole system transition stages, especially in mid-later stage. On the other hand, China's macroeconomic theory is not enough to support macroeconomic policy, and faces great challenges. Therefore, the research of macroeconomic regulation has theoretic and practical significance. Furthermore, the dissertation itself has great academic value, analyzing transitional economy at an angle of relationship between system and macroeconomic policy, taking coordinative and consistent relationship between macroeconomic stability, economic growth and system reform as the main line.The second part: macroeconomic regulation for putting down inflation in former system transition stage. It includes two stages: 1980s and the early years in 1990s. Under the decentralizing condition, two departmenteconomic pattern (dominant state-owned economy and increasingly non state-owned economy) determined macroeconomic policy was mainly direct and administrative. The trinity of finance, bank and state-owned enterprise, double expansion of investment and consumption led to over-heat of macro economy for many times. In the early years of 1990s, because of development of non state-owned economy, dual system pattern came up, market-oriented means of macroeconomic policies was increasing, however, administrative means still had great influence on putting down inflation.The third part: macroeconomic regulation of expansion of domestic demand in former system transition stage. Buyer market came up, structural problem protruded, compressive effects of system reform continued, the outside environment changed abruptly, which was the system pattern that macroeconomic policy faced. In order to cope with deflation, the central government initiated monetary policy and positive fiscal policy in order, which played important role in expanding domestic demand. Monetary policies transformed from direct means to indirect means, the connotation of positive fiscal policies enlarged continuously. However, there existed some deviation in monetary policy practice, and some phenomena such as the long-term trend of short policy and anti market-orientation in positive fiscal policy practice. These reflected the non coordinative and non consistent relationship between macroeconomic policy and system reform, which brought negative influence to effectiveness of macroeconomic regulation and which was of no advantage to economic stable growth.The fourth part: macroeconomic regulation in mid-later system transition stage. The sixteenth party congress of the Communist party of China marks China's economy entering mid-later system transition stage, system reform coming into hard period. Macro economy regulation faces new situation, it will have great influence on short-term regulation and l...