The Financial Accelerator Theory Application Of Anti-crisis

This paper discusses the practice of China's anti-crisis policy and makes the analysis from the perspective of anti-crisis policy goals and measures to evaluate its practical effects based on the review of financial accelerator theory. This paper focuses on the practice effect of anti-crisis policy based on the financial accelerator theory and the gains and losses of the anti-crisis policy. The financial accelerator theory can accurately grasps the amplification mechanism of the financial crisis, The anti-crisis policy based on the theoretical design can effectively curb the economic recession of the negative financial accelerator effect, slowing the Depression. However, limited perspective of the theory boost the mechanisms of macroeconomic fluctuations, ignoring the external shocks caused by macroeconomic fluctuations. although the slowdown in the pace of economic downturn, but how to run into the positive macroeconomic effects of the financial accelerator-driven upward channel is a problem. After all, the financial accelerator theory describes only one aspect of the economic crisis, anti-crisis policy guidance is not bound to show completeness.This article points that due to the prominent population aging and shortage of labor supply, the social capital lacks enthusiasm of investment in the traditional export-related processing industries. It is a lack of adequate social investment funds is the main obstacle to the upstream channel of the financial accelerator effects of macroeconomic after 4 trillion investment. Finally on the financial accelerator theory of anti-crisis policy inadequacies, this paper presents additional recommendations. Proposals require anti-crisis policy should enable private capital to successfully enter other industry that is profitable and can participate the equal competition. To develop new industry markets and to increase investment in human capital are other two proposals in the paper.