蒙代尔—弗莱明模型的政策效应——在资本、利率双管制条件下

蒙代尔—弗莱明模型通过系统分析在不同汇率制度下资本流动、财政政策和货币政策对汇率、利率和产出等宏观经济变量的影响，研究一国在开放经济条件下的内外均衡实现问题。当前中国面临的在经常项目和资本项目双顺差的国际收支非均衡状况，使得蒙代尔—弗莱明模型受到人们更多的关注。文章分析了在外汇、利率双管制的宏观经济环境下，蒙代尔—弗莱明模型的结论对中国经济政策选择的有效性。

Mundell-Fleming Model in the Macroeconomic Environment of Both Foreign Exchange and Interest Rates Being Under the Control of the Government

Through systematic analysis of capital flows, fiscal policy and monetary policy effects on macro- economic variables such as exchange rates,interest rates and output under different exchange rate systems, Mundell- Fleming model researches into the problems in a country concerning the balance between internal economy and external economy under the condition of open economy. That China''s current account and capital account both have payments surplus at present makes Mundell- Fleming model more concerned about in China. This article analyzes the effectiveness of Mundell- Fleming model on China in the macroeconomic environment of both foreign exchange and interest rates being under the control of the government.