Study On China’s Macroeconomic Policy Coordination Under Financial Security Constraint

When we look through economy development history of all countries, we find thatdeveloping country always have to deal with not only macroeconomic policy coordinationbut also financial security. Because developing country neither have the complete marketeconomy system nor mature financial system existed in developed country. Financialinsecurity will destroy the existing stock of wealth of developing country even to the extentthat do great damage to a country’s development path. In the open economy, China is noexception. Therefore, the study of macroeconomic policy coordination under financialsecurity constraint have a great theory meaning and realistic meaning.Firstly, this dissertation summarize both financial security and macroeconomic policycoordination. Secondly, mixed economy and financial security were redefined, and thendiscusses the necessity and theoretical basis of macroeconomic policy coordination’sfinancial security constraint. Thirdly, evaluation of the effect of China’s and American’smacroeconomic policy coordination and summary the lesson of Japan’s failuremacroeconomic policy coordination were made. Then, the empirical test of financialsecurity of macroeconomic policy coordination conducted by means of analytic hierarchyprocess. Last,this article mechanism design macroeconomic policy coordination underfinancial security constraint,which compose Long-term, short-term, optimization ofmacroeconomic policy coordination under financial security constraint.