Abstract: Before the outbreak of the international financial crisis in 2008, the relationship between economic stability and financial stability was generally considered to be consistent. The monetary policy specializing in price stability was sufficient to ensure stable economic development and safe financial operation. However, the practice in recent ten years fully shows that with the increasing complexity of the economic system, the economic cycle and the financial cycle begin to differentiate significantly and even deviate. In February 22, 2019, general secretary Xi Jinping pointed out in the thirteenth collective learning held by the Political Bureau of the Central Committee of the Communist Party of China, "the economy is the body, finance is blood, and they are deeply connected". So, from the policy level, how should we innovate macro-control to alleviate the contradiction between the two and promote their interconnectedness and interdependence?
