Rough on the macro-control for

 Xue Zhaofeng
China is a region, an industry or a project, even if the scale is bigger, is not really the > This raises a series of questions: First, since the micro-regulation is, why say that as a macro? Second, the economic impact of two control? Third, what is the purpose of macro-control? Fourth, the macro-control for which indicators should be carried out? five is how to assess the effect of macro-control policies?
solve this problem, a rough answer is: the conventional wisdom that the micro-macro regulation and control than desirable side effects on the overall economy less. So whenever regulation, the Government is inclined to as a phenomenon.
Why undesirable micro-regulation? government involvement in business decisions at the enterprise level, generally lead to three questions.
The first is administrative officials replaced to varying degrees, business managers, so that their market orientation change. in the end business is br> The second problem is the rules of both the development of market competition, and competition in specific markets, a conflict of interest, moral hazard caused by many acts of the parties. this time, originally launched in the market can be a normal competition, will be transferred to up the administrative procedures for resolution. Government has the right to change the rules, the problem is the process of modifying the rules, how much is to encourage a neutral level of competition, how much to take care of individual enterprises to win, it is difficult to distinguish. As a result, competition There may be worse the more change the rules.
third problem is lack of market information administrator. In the process of macro-control to an industry across the board as constraints, is difficult to obtain the necessary information in advance. For example, in the During inflation, building materials and land prices are rising the fastest, everyone saw the facts, gives the wrong people correctly pointed out that the current macro regulation and control of micro-economists, but still hopes the so-called real macro-control, that is, money, interest rates and exchange rates and other macro variables of government regulation. contempt micro macro issues is one major cause of worry.
ask: Why should regulate the economy? economic fluctuations will not you? economic fluctuations have a top-down (top-down), but also bottom-up (bottom-up). scholars generally agree on the different fluctuations in the type of macro-control effects of different; you no less than the focus of contention is that they want to control the economic phenomena in the end is what type.
on the inflation, exchange controls and other problems caused by currency devaluation can indeed be corrected with the macro-control; but for value-added, to take macro-control will only exacerbate the problem.
large enterprises we are able to price inflation and overall economic relationship between the example. From the time of the order of view, indeed the prices of large enterprises first, small and medium enterprises followed,UGGs, then spread to other industries, and the whole community. These big companies (such as large property developers, OPEC, supplier of grain and oil, etc.) are therefore identified as the maker of inflation; but in the economic logic , they just particularly sensitive because of the price level, the first to perceive and reflect only the central bank caused inflation.
the above point of view, the Austrian macroeconomic theory most worthy of attention, because although it is only , but avoid the