中国对外开放度和通货膨胀率关系的实证检验

Empirical Testing for the Openness-inflation Relationships in China

本文通过建立误差修正模型分析我国对外开放度不断提高的情况下影响通货膨胀率的因素。计量结果表明:前期通货膨胀率、货币供给量和对外开放度是影响当期通胀率的主要因素。特别是,开放度的提高使得扩张货币的效应会更多的体现在更高的通货膨胀率上。

This paper analyzes factors which have influenced inflation as openness grows in China by establishing an ECM. My estimated outputs show that openness is one of major factors which affect inflation. Improved openness will make effects of money expansion become higher inflation rate.