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过去,我国政府普遍采用需求端管理调节宏观经济,通过刺激消费、加大投资、鼓励出口三个维度共同保证经济以较快的增长速度增长。近年来,受到产能过剩、杠杆率过高以及外需疲弱等因素影响,单纯的需求端管理遇到了瓶颈。本文首先回顾了凯恩斯经典的有效需求理论,接下来分析了需求端管理在我国实践中所遇到的瓶颈,最后在此基础上进一步论述了供给侧改革将如何增加全社会的有效需求,进而在突破需求端管理瓶颈的过程中发挥积极的作用。
In the past, the government of our country generally adopted the demand-side management to regulate the macroeconomy and jointly boosted the economy at a relatively fast growth rate through stimulating consumption, increasing investment and encouraging export. In recent years, due to overcapacity, excessive leverage and weak external demand, the demand side management has encountered a bottleneck. This paper first reviews the Keynesian theory of effective demand, and then analyzes the bottlenecks encountered in the practice of demand-side management in our country. Finally, based on this, we further discuss how supply-side reform will increase the effective demand of the whole society. Break through the demand side management bottleneck in the process play an active role.