这篇论文试图刻画对于中国而言正确的宏观经济战略的轮廓。简言之,我们认为解决方案包括降低储蓄特别是私人储蓄,增加服务的供给特别是医疗服务,以及人民币升值。这也正是我们为什么把这一战略称之为“三管齐下的解决方案”的原因,即同时在财政和预算方面采取行动,并且伴之以货币重新定值。美国麻省理工学院经济系访问教授,意大利伯可尼大学(Bocconi University,Milan) This essay attempts to portray the contours of the correct macroeconomic strategy for China. In short, we think solutions include reducing savings, especially private savings, increasing the supply of services, especially medical services, and the appreciation of the renminbi. That is why we call this strategy a “three-pronged solution,” that is, taking both fiscal and budgetary steps, accompanied by a revaluation of the currency. Visiting professor at the Massachusetts Institute of Technology Department of Economics, Italy Bocconi University (Milan)