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| Author: | Zhao, Hemin |
| Title: | Full employment as the supplement of China's monetary policy objective (original in Chinese) |
| Journal: | Economic Review (c)
1997 : 5, p.65-69 |
| Index terms: | EMPLOYMENT POLICY MONETARY POLICY CHINA |
| Language: | chn |
| Abstract: | Taking full employment as the supplement of China's monetary policy objective needs the support of corresponding monetary policy. In terms of money credit policy, we should tilt properly to the labor-intensive industries with better economic returns in a bid to enhance their capacity of absorbing social labor force while adjusting credit structure. When we continue to implement moderately tight monetary policy, we should adjust money supply, judging the hour and sizing up the situation to provide relatively ideal conditions for investment and make labor resources allocated effectively. According to the fundamentals of investment multiplier, investment in credit should tilt to the industrial sectors which can produce great effect with investment in order to provide more chances and posts. |
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