通货紧缩传导理论的比较研究

Comparative Research on the Theory of Currency Deflation Conduction

通货紧缩往往伴随有经济衰退,其对经济的影响可能比通货膨胀更严重。各国对通货紧缩的治理也存在着政策上的冲突,要实现对通货紧缩的有效治理,必须明确通货紧缩的传导机制。在介绍通货紧缩传导的一般理论基础上,比较研究封闭经济条件下通货紧缩的自足性现象和开放经济条件下通货紧缩的国际传导机制。分析表明我国目前不存在通货紧缩输出的条件。

Currency deflation often goes along with economic recession with a worse influence than inflation. There have many conflicts with the policy of deflation administration. So it is vital now to define the conduction of deflation. In tiffs paper, by introducing the general theories of deflation conduction, a comparative research is made on closed economic condition of the deflation self-enforcing and open economic condition of the international deflation conduction. It proves that there are not the conditions for currency deflation export.