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Countermeasure Research Of Our National Debt Investment In Pulling The Domestic Demand At Present

Posted on:2013-08-22Degree:MasterType:Thesis
Country:ChinaCandidate:P CaoFull Text:PDF
GTID:2249330395451841Subject:Public Finance
Abstract/Summary:PDF Full Text Request
The national debt is the country in order to achieve the needs of its functions, theprinciple of debt to issue bonds in order to achieve the purpose of raising funds, but thedifference with ordinary debt is that it is a credit based on the State is formed between thestate and the purchaser claims and debt. The national debt itself has a twofold nature,financial and fiscal nature. One, the national debt release and the circulation all iscompletes in under our country present stage market economy condition in the moneymarket, two is in our country financial policy forgives the national debt policy, thenational some financial correlation general and specific policies realization all needs thenational debt policy the support.Therefore the national debt disbursement direction aswell as the scale size all is the financial policy important part. The national debt releaseresult also can affect the market in the currency supplies situation, therefore said thenational debt is connects financial, financial and the currency important key position.TheChinese and foreign scholar to distributes the national debt the influence whichmicroscopic and the macroscopic economy brings for the country is the advantage isbigger than the shortcoming or the shortcoming is bigger than the advantage to havedifferent explanations. Renmin University of China Finance Finance Institute’s kingpasses on black silk ribbon professor to think that,“The national debt has thecorresponding drawing function to our country entire macroscopic economy, similarlyalso has the certainly positive influence to the microscopic main body.” Under differenteconomic environment and background our country’s national debt policy also along withchange. The Asian financial crisis and the U.S. subprime mortgage crisis gave no smallimpact on China’s economy during this period of our country in order to cope with theimpact of the crisis, timely adjustment of fiscal policy, national debt policy is animportant part of fiscal policy but also with s were adjusted accordingly, then the pull ofthis section of the National Debt during policy adjustment on China’s domestic demand iswhat is the, this article through the analysis of the bond policy in this period of time tosee the national debt in the end of China’s domestic demand to promote much. And someof the issues and recommendations for the status quo. This article is from theoretical to empirical, based on the results of empirical analysis of problems and causes, and finally according to the present situation givesadvice isdivided into five parts in total.The first part of the national debt write-down in the relevant economic theory,including the part of the principal ideas of the treasury bonds and pull the related theory.Key West is from two angles to describe including the public debt, positive and negat iveeffects in our national debt effects theory and the development of the theory, inclu dingthe Socialist government bonds based construction material supply and demand, andadjust the pull required industrial structure adjustment, as well as the fourtheories.The second part is the issuance of Treasury bonds in China since1998, measure ofbond a lot of this article is mainly from the micro-and macro-analysis of both standards,combining data and charts analyzing each measure, draw appropriate conclusions.The third part is our country national debt investment drawing domestic demandeffect analysis, this part mainly is constitutes by two bulks.Is together infers thenation naldebt investment multiplicator is the IS-LM curve model together.With the national debtinvestment which infers while calculates figures out our country’s national debtinvestment multiplicator is how many and analyzes drawing which needs to in.Againuse sthe IS-LM curve model analysis our country national debt to invest whether existssqueezes out the effect.The fourth part writes separately the question and the reason analysis which is in ourcountry national debt investment drawing must exist, our country national debtinvestment in expends in drawing, the inflation, the fixed asset proportion to theinhabitant all has certain problem, in addition our country national debt investmentmultiplicator getting smaller also is a very important question.The fifth part writes separately the countermeasure which is in our country natio naldebt investment drawing needs.The question must exist which in view of this art I clefourth part of national debt investment drawing in corresponding gives the correl a tionthe countermeasure.Mainly includes overall carries on the control to the nationald ebt investment scale, thus strengthens this aspect the surveillance and the managem entthe realization national debt market mechanism effectively moves safely; Right“th reeagriculture” investment dynamics must increase, fundamentally solves our country present stage existence city and countryside expense difference problem to realize theentire social life and the consumption level enhancement; The industrial structureunreasonable this question national debt investment should place with emphasis atpresent in view of our country adjusts and enhances industrial structure this aspect tocome up; The perfect national debt policy and other policies unify link mechanismnamely: The central bank must participate in the national debt positively in the release,the market system also wants the prompt consummation, moreover also must strengthenthe commercial bank system the reform in order to better is enhances in national debtinvestment drawing to have to serve.
Keywords/Search Tags:The national debt, Boost demand, Bond investment multiplier, IS-LM model
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