The Influence Of Policy Collocation And Its Impact On Three Macro Economy Variables

Reform and development of our country’s economy is in an important transitional period, the stable development of national economy depends on the good running of the market and the modest force produced by macroeconomic regulation and control.And the stand or fall of macroeconomic regulation and control, and depends on the cooperate proper fiscal and monetary policy.A market has a good ability of the government can be according to the characteristics of the different economic situation and the policy itself, flexible in work on macroeconomic regulation and control targets.In2008, the international financial crisis, China’s macroeconomic regulation and control faced with extremely complex and changeable internal and external environment.Policy is no longer the traditional of dealing with the relatively simple problems, but to juggle multiple problems at the same time, it is the choice of policy and implementation of the proposed complex and new challenges.The traditional mode of thinking and policy response is no longer applicable to solve the current problems in our country.Based on the coordination between fiscal policy, monetary policy for the national macroeconomic regulation and control has important theory and practical significance of the general, this article through to the two practice and effect of the policy coordination and policy fluctuations on the impact of macroeconomic indicators comprehensive in-depth research-Concrete is divided into two parts:(1) through summarizing in different stage in our country since the reform and opening up under the background of different major economic problems and the corresponding use of fiscal and monetary policy and its effect has carried on the detailed comparison and analysis, and relevant conclusions.(2) further by using impulse response function and variance decomposition method to GDP, CPI and unemployment rate, M2, EX growth rate between the five variables make an empirical analysis of the dynamic effects of shocks.The following main conclusions:policy variables in short-term obvious impact on other variables, and long-term impact is not big; In the policy mix, fiscal policy dominated monetary policy usually cooperate with operation;Low unemployment has mainly depends on the economic growth;Finally, the paper analyzes the causes of the above phenomenon and put forward the targeted policy collocation.