货币政策与财政政策应该协调配合 实行积极的财政政策是中央为应对亚洲金融危机而采取的重大战略决策。但是,要保证积极的财政政策达到预期效果,必须得到适当货币政策的支持才可能奏效。因为财政发行国债,如果由居民和企业购买,只是市场有效需求的转移而不会增加需求;如果发行对象是商业银行,则要看中央银行是否补充商业银行因购买国债而减少的流动性,否则商业银行在增加国债购买的同时会减少持 The Coordination and Coordination of Monetary Policy and Financial Policy The implementation of a proactive fiscal policy is a major strategic decision taken by the Central Government in response to the Asian financial crisis. However, to ensure that proactive fiscal policies achieve the desired results, they must be supported by proper monetary policies to be effective. Because the financial issuance of treasury bonds, if purchased by residents and enterprises, is only an effective transfer of market demand without increasing demand; if the issue target is a commercial bank, it depends on whether the central bank replenishes commercial banks’ liquidity due to the purchase of treasury bonds, or Commercial banks will reduce their holdings while increasing their purchases of government bonds