论短期、中长期国债的功能差异与运用策略

短期国债与中长期国债不仅融资功能存在差别,两者的经济调节功能差异明显:短期国债的发行对经济有扩张性影响,中长期国债的发行对经济的影响一般是紧缩性的。财政部门在设计国债期限时,应综合考虑短期国债与中长期国债的功能差异和影响国债期限的主要因素,讲求国债期限运用策略,更好地为经济发展服务。

Discussion on Functional Differences of the Short -term,Long-term Bonds and Applied Strategies

Short term debt and long-term debt is different of financing work ,and the functional difference of regulating the economy is obvious ：short-term debt has expansionary effect on the econo-my ,long-term bond on the economic impact is generally tightening .The financial sector in the design of treasury bonds ,should be the main factors to consider differences in short-term bond and long-term bond and influence of the debts’ term ,stressing the debts’ term strategy ,to better serve the economic development .