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The Discretion under the Rule——The Rethinking on Some Basic Issues of Macro-control Law

Xinhong Wang

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Abstract

Macro-control Law is the law used to constrain the government's discretion on macroeconomic regulation and control.Its legislative intent is to achieve the objective that can promote the stability and sustainable development of the national economy by regulating the government's discretion.The key to achieving this target is to maintain the credibility of the government.Because the public only adopt the macro-control signal made by the trustworthy government,and produce the desired expectation of the government,then make the desired response to achieve the government's macro-control target.An important mission of Macro-control law is that strengthen the government's credibility and guarantee the achievement of macro-control target by using various institutional arrangements so as to ensure that the government can keep its promise or bear the loss of public trust interests when it has to broken the promise.

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What this paper is about

Macro-control Law is the law used to constrain the government's discretion on macroeconomic regulation and control.Its legislative intent is to achieve the objective that can promote the stability and sustainable development of the national economy by regulating the government's discretion.The key to achieving this target is to maintain the credibility of the government.Because the public only adopt the macro-control signal made by the trustworthy government,and produce the desired expectation of the government,then make the desired response to achieve the government's macro-control target.An important mission of Macro-control law is that strengthen the government's credibility and guarantee the achievement of macro-control target by using various institutional arrangements so as to ensure that the government can keep its promise or bear the loss of public trust interests when it has to broken the promise.

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Available abstract

Macro-control Law is the law used to constrain the government's discretion on macroeconomic regulation and control.Its legislative intent is to achieve the objective that can promote the stability and sustainable development of the national economy by regulating the government's discretion.The key to achieving this target is to maintain the credibility of the government.Because the public only adopt the macro-control signal made by the trustworthy government,and produce the desired expectation of the government,then make the desired response to achieve the government's macro-control target.An important mission of Macro-control law is that strengthen the government's credibility and guarantee the achievement of macro-control target by using various institutional arrangements so as to ensure that the government can keep its promise or bear the loss of public trust interests when it has to broken the promise.

Key concepts: Government (linguistics), Credibility, Discretion, Macro, Control (management), Legislature, Law and economics, Law

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