摘要
为了应对新冠肺炎疫情和随后的经济危机,继已经签署1.9万亿美元的救助计划之后,拜登政府提出美国就业计划,引起经济学家的高度关注。本文在介绍拜登政府的财政刺激计划及其财政理念的基础之上,说明美国的货币政策如何配合财政扩张,分析美国大规模财政扩张面临的通货膨胀、债务的可持续性与基础设施投资难以落实等重要挑战,以及通过贸易渠道与金融渠道造成的溢出效应。
In response to the COVID-19 and the subsequent economic crisis,following the US President Biden’s signed of the $1.9 Trillion Relief Plan into law,the Biden Administration proposed the American Jobs Plan,which attracted the attention of economists.Based on the introduction of Biden Administration’s fiscal stimulus plan and its fiscal philosophy,this paper is intended to explain how the monetary policy of the United States cooperating with fiscal expansion,and analyze the important challenges faced by the large-scale fiscal expansion of the United States,such as raising inflation concerns,threatening the sustainability of debt and difficult to implement of infrastructure investment,as well as the spillover effects caused by trade and financial channels.
作者
郭强
张明
肖尧
Guo Qiang;Zhang Ming;Xiao Yao
出处
《经济学家》
CSSCI
北大核心
2021年第11期119-128,共10页
Economist
基金
国家社会科学基金青年项目“美国摆脱经济长期性停滞的财政政策路径对中国的溢出效应研究”(17CGJ010)。
关键词
财政乘数
通货膨胀
溢出效应
Fiscal Multiplier
Inflation
Spillover Effect
作者简介
郭强,天津财经大学金融学院副教授;张明,中国社会科学院金融研究所研究员;肖尧,北京师范大学创新发展研究中心(珠海)副教授,北京师范大学经济与资源管理研究院副教授。
