渐进性通货膨胀与我国货币政策失灵——以区域金融差异为视角

Progressive Inflation and the Malfunction of Chinese Monetary Policy:Regional Financial Differences Perspective

作为应对通货膨胀的主要宏观调控措施,货币政策历来都受到各国中央银行的重视。但是,从2006年开始的本轮通货膨胀中,中国政府屡次动用紧缩性货币政策的结果是消费物价指数的渐进攀升。本文从中国区域金融差异的角度分析了渐进性通货膨胀的原因,并在分析全国统一货币政策失灵机制的基础上为将来可能的区域性货币政策的实施提出了相关建议。

As the main macroeconomic measures to coop with inflation, monetary policy has been thought much of by all countries＇ central banks. However, from the inflation beginning from 2006, the CPI index has increased bit by bit as the Chinese government repetitiously used the deflating monetary policy. In this paper, the author analyzes the causes of long- drawn inflation from the perspective of regional financial difference, and suggests possible regional monetary policy in the future on the basis that a national wide monetary policy mechanism cannot function effectively.