摘要
当前我国经济进入新常态,经济增长速度放缓,利率市场化水平不断提高,在这样特殊的经济背景下,研究负利率对我国经济增长的影响效果和方向具有一定的现实意义。基于改革开放后1978年到2015年的经济发展数据,进行回归分析,结果表明:负利率对经济增长是既有正向作用,也有负向作用,既可以促进经济的增长,也会阻碍经济增长。所以,在不同的历史时期和不同的经济环境下,负利率对我国经济增长影响的方向和程度,需要根据具体情况来进行具体的分析,不能一概而论。总体上来说,我国应在坚持利率市场化的大前提下,适当地运用负利率政策,并合理控制负利率的范围,使其促进我国经济的增长。
The Chinese economy has entered a new norm, economic growth slowed, the interest rate market has improved continuously, in this special economic background, the research of negative interest rates has certain practical significance on the impact of China＇s economic growth effect and direction. After the reform and opening up in 1978 to 2015 data of economic development based on the regression analysis, the results show that the negative interest rate is not only have a positive effect on economic growth, but also has a negative effect, which can promote economic growth, will hinder economic growth. So, in different historical periods and different economic environment, the direction and extent of the impact on China＇s economic growth of negative interest rates, need to carry out specific analysis according to the specific circumstances, can not be generalized. On the whole, our country should apply the negative interest rate policy, and reasonably control the scope of the negative interest rate, so as to promote the economic growth of our country.
作者
胡海云
王健
HU Hai - yun WANG Jian(Sehool of Economics, Anhui university of Finance and Economics, Bengbu 233030, China China Institute of public finance and policy, Central University of Finance and Economics, Beijing 100081, China)
出处
《宜春学院学报》
2017年第2期51-56,共6页
Journal of Yichun University
关键词
负利率
经济增长
名义利率
物价消费水平
negative interest rates
Economic growth
The nominal interest rate. The price level of consumption
