On Exploration Of Causes And Thoughts On Monetary Policies Of Economic Crises From The Perspective Of Credit Expansion

Since the international financial crisis triggered by the US subprime mortgage crisis in 2008,the momentum of the steady development of the world economy has been broken,and the cause of the financial crisis has become the focus of debate.While exploring the causes of the crisis,governments have introduced bailout policies.However,the US bailout monetary policy is far more easy in the financial crisis caused by the monetary policy,credit expansion to further increase the degree.Moreover,China's response to the financial crisis,the same implementation of a positive monetary policy,but with the US crisis before the economic cycle similar to the evolution process.Based on the Austrian school of economic cycle theory,this paper analyzes the causes of the outbreak of the US financial crisis,and combined with the Marxist thinking about the essence of capital,the new political economy on the impact of interest groups on the economic cycle and the new Keynesianism on irrational factors on the economic cycle.The impact of the study,the analysis of the United States in the financial crisis is still further after the deep expansion of credit reasons.Taking the United States as a control,this paper analyzes the changing trend of monetary policy in China after 2008,analyzes the process of changing the production structure in China's economic cycle,and points out the problems that China's economy faces and the impact of non-economic factors after credit expansion.The Finally,this paper gives some countermeasures and suggestions for the formulation and implementation of China's monetary policy.