本文从宏观经济学的角度系统地探讨和评价了2009年10月德国联盟党和自民党组成联合政府后的经济政策及其实施的背景和次序。以默克尔为首的联合政府经济政策的基本出发点是德国社会市场经济的秩序政策，即改造和完善市场经济运行的框架条件，重建世界市场和金融秩序，加强政府对创新和教育的投资；减轻企业的负担，为企业松绑，同时继续对劳动力市场管理和社会保障体系进行结构性变革；在经济复苏已经明显之后，坚决从政府经济刺激计划中退出，保证政府财政，从而保持经济增长的可持续性。
This paper is dealing with economic policies of government coalition between Union Parties and FDP in Germany after taking over on October 2009.Basically,the starting point of economic policy of Merkel's coalition government is regulatory policy(Ordnungspolitik),which emphasizes the reform and strengthening of framework conditions of market functioning.Facing the consequences of the bail-out measures during the financial crisis in 2009/10,Merkel's Government put forward the reconstruction of the international financial order and reform of European Monetary Union,invested more in education and innovation,carried out policies of unburding the enterprises from bureaucracy and redundant regulations,and reformed the labor market regulations and social security system.It has implemented a exit strategy from the expansive fiscal policy resolutely,as soon as the economic recovery has gained momentum.It holds tight to the necessity of fiscal balance for sustainable economic development in the medium- and long-run.The paper reviews the background,the conceptions and the sequences of implementation of these policies systematically and gives some comments from the view of macroeconomics.
