中国应保持高通货膨胀吗?

SHOULD CHINA KEEP HIGH INFLATION RATE

关于通货膨胀的利弊及对于经济成长的影响,在中国经济学界争论已久,至今还没有达成共识。当前,虽然政府痛下决心限制投资,以降低通货膨胀率,但是,当经济学者、专家们意见分歧之时,政府当局得不到学术界一致的支持。面临着来自各方面的压力,很难贯彻其已定政策,不免重蹈已往的“方进又退”的覆辙。因而,中国终究不能踏上在安定中快速成长的康庄大道。有鉴于此,美国九十学社特地聘请世界著名的货币学专家汤姆士·梅耶尔教授撰写此文,对于当今美国经济学界,就通货膨胀与经济成长之关系,根据理论及实证研究的成果,并针对中国经济现状,作一深入而精辟的总结与评论,以供国内经济学界同仁参考。

It has been a long time dispute about the effects of inflation to economic growth and a common sense has not been reached. At present, the government has decided to control investment so as to reduce inflation rate, but when scholars and experts have different views on this question, the government naturally can get a identical support. Facing pressure from all sides, the government has difficulties to carry out its settled policies and sometimesgo forward and sometimes backward. So China can not enjoy a fast development in a quit surrounding. For this reason, the American 90 Society invited famous currency experyt prof. Thomson Mayor to write this article to expound the relationship between inflation and economic growth. This article can be a reference for our domestic economists or people interested in this topic.