Stimulating Economic Growth By The Supply-Demand Police Mix

The central authorities of the PRC have implemented the monetary-fiscal policy mix to stimulate economic growth since 1993.The policy is characterized by demand management and anti-cycled adjustment. But the well-integrated policy system consists of the supply police system and the demand police system, and refers to the demand-supply police mix. The supply police system is composed of science and technology police, industrial policy, and so on. The demand police system is composed of the expenditure-changing police and the expenditure-switching policy. The policy mix includes the inter mix of supply policy, the inter mix of the demand policy and the supply-demand mix. In order to clear it, this paper will take up the following four chapters one by one.I analyze the economic policy validity in chapter 1 .The chapter has three sections. Section 1-1 introduces the economic policy implicit in the economic growth models. Section 1-2 and section 1-3 focus on the role of the economic policy respectively in close economy and open economy.Chapter 2 looks at the demand policy mix. In section 2-1,1 introduce the method of the policy mix in close economy. In section 2-2,1 analyze the policy mix in open economy.Chapter 3 focuses on the monetary-fiscal policy mix of my nation. Section 3-1 introduces the skeleton of the policy mix in my country. Section 3-2 looks at the effect of the fiscal policy and the future choice of it. Section 3-3 looks at the effect of the monetary policy and the future choice of it. Section 3-4 discusses the mix of the exchange-rate regime, monetary policy and fiscal policy.I analyze the supply-demand mix in chapter 4 and my nation' s policy choice in it. Section 4-1 introduces the policy of the supply-side economics and the policy choice of my nation. Section 4-2 discusses the policy of the no -supply-side economics and the policy choice of my nation. Section 4-3 looks at the supply-demand mix and the policy choice of my nation.