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英国法夫论文代写:政策回应

有两种风格类型的全球危机的政策回应:稳定和刺激。衡量稳定的政策接受了这样一个事实,即调整是不可避免的,同时努力减轻痛苦并促进有序调整。相反,刺激政策,被推向极端,寻求一个足够大的刺激,可以说,消除调整期——显然是虚幻的目标。减轻宏观经济衰退,减缓负反馈循环的旋转,是一个合理的政策目标。然而,不能充分考虑到信任危机的扩张性政策在短期内就有成为无效的风险。为了以可持续的方式恢复信心,政策行动应纳入一个可信的长期视角,并适当注意它们对经济主体期望的影响。关键行动是建立一致的中期政策框架,计划提前足够目前的政策将在正常条件下的回报政策,并制定宏观金融稳定一致的方法。这些措施将确保短期政策行动不会播下明天繁荣和萧条事件的种子。

英国法夫论文代写:政策回应

There are two stylised types of policy response to the global crisis: stabilization and stimulation. A measured stabilisation policy accepts the fact that the adjustment is inescapable while it endeavours to mitigate the pain and promote an orderly adjustment. In contrast, stimulation policies, pushed to the extreme, seek a stimulus that would be large enough to, so to speak, eliminate the adjustment period – a goal that would obviously be illusory. It is a legitimate goal of policy to mitigate the macroeconomic recession and slow the spin of the negative feedback loop. However, expansionary policies that fail to take the crisis of confidence sufficiently into account run the risk of becoming ineffective beyond the very short term. To restore confidence in a sustainable way, policy actions should be embedded in a credible longer-term perspective and pay due attention to their effects on the expectations of economic agents. The crucial actions are to develop consistent medium-term policy frameworks, plan sufficiently in advance for how current policies will be unwound when normal conditions return, and develop a consistent approach to macro financial stability. Together, these measures would ensure that short-term policy actions do not sow the seeds of tomorrow’s boom and bust episodes.

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