防范CPI上涨风险的研究——基于货币供应量角度的分析

Research on Preventing the Risk of CPI Rising——Analysis based on the money supply

影响CPI的诸多因素中,货币供应量一直是争论的焦点。在中国货币政策独立性与有效性的约束机制尚未健全的情况下,货币供应量从何种程度上影响CPI备受关注。本文通过实证分析,不仅得出了货币供应量对CPI有着正向的影响,而且量化得出了货币供应量对CPI具体的影响程度。最后根据研究结果提出了几点建议。

In many factors, money supply has been the point of contention for affecting CPI. Recently, theindependence and effectiveness of the mechanisms of monetary policy have not yet been perfect. Therefore, to which extent money supply has influenced CPI has drawn great attention. This paper empirically analyses this problem, and finds out that there exists a positive relation between each other, Most importantly finds out the specific extent of the effect. Finally we give some recommendations based on this paper.