Analysis on realization of man–machine–environment system targets in macroeconomic regulation

Abstract

This paper was to analyze how the governmental planner established and implied macroeconomic policies, with the objective of economic growth through the study framework of MMESE. The main study viewpoints are as follows: Firstly, the governmental planner’s macroeconomic regulation is defined as a generalized man–machine–environment system; then, with vector autoregression (VAR) and impulse response analysis methods, this paper discussed the characteristics of “machine” (economic policy) and found that policies have time lag, last for long time and have widespread and profound influences; finally, combined with policy features, to realize the basic systematic “objectives” which are “safety, efficiency, and economy,” new requirements of the system are requested: to strengthen financial supervision and macromonitoring; to guide people effectively before the implementation of the policy (forward-looking guidance); and to advocate “fine-tuning” to achieve the policy objectives with minimal policy costs.