自1993年年中以来,我国的宏观调控取得了明显成效,不仅使中国经济避免了1992年大起之后随即发生大落的危险,而且还有效地防止了一场金融危机的爆发。可以说这一次的宏观调控比以往的历次调整都要成功得多,成熟得多。但是,在政策实施的过程中,也存在着一些值得注意的问题,需要予以进一步完善。主要是:第一,宏观调控力度时紧时松。自去年年中加强宏观调控以来,虽然从总体上采取的是偏紧的货币政策,但总量政策 Since the middle of 1993, China’s macroeconomic regulation and control have achieved remarkable results. This has not only avoided the danger of the Chinese economy going down immediately after the 1992 rally, but also effectively prevented the onset of a financial crisis. It can be said that this time the macro-control over the previous adjustments have been much more successful, much more mature. However, during the implementation of the policy, there are some issues worth noting, which need to be further improved. Mainly: First, macro-control efforts when the loose time. Since the macro-control was strengthened in the middle of last year, although it generally adopted a tight monetary policy, the overall policy