摘要
对我国1998年1季度到2009年1季度的资产价格与消费价格的波动进行实证分析,发现货币供应量增加首先带来房地产价格上升,约两年后,消费价格指数开始上升,说明货币供应通过资产价格再传导到消费价格。在当前流动性再次增加的情况下,要考虑其对资产价格及通货膨胀预期的影响,并可实行分类增加信贷的政策,防止资产价格泡沫化。
Analyzing with the theoretical model and Chinese empirical data, we found the increasing of money supply rising real estate prices then, after two years, the inflation rate began to rise. In the current increase in liquidity, should consider the assets prices and the impacting on inflation expectations, and implement classification credit policies, in order to prevent asset price bubble.
出处
《财经科学》
CSSCI
北大核心
2009年第11期16-23,共8页
Finance & Economics
