摘要
通货膨胀形成的两个重要原因是总需求的过度膨胀和货币供应量的过快增长。利用HP滤波衡量产出缺口和货币缺口,并利用1999-2007年的季度时间数据检验两者对中国通货膨胀的影响。结果表明,产出缺口和货币缺口都是中国通货膨胀的重要原因,且货币缺口对中国通货膨胀的影响远远大于产出缺口影响。
The two important masons that cause inflation are the excessive growth of grass demand and over-expansion demand of the monetary supply. In this paper, we use the HP filter to measure the output gap and currency gap, and use the quarterly data from 1999 to 2007 to test the impact of output gap and currency gap on inflation in China. The results suggest that the currency gap and output gap are the important reasons causing the inflation, and the impact of currency gap on inflation is far greater than the output gap.
出处
《经济与管理》
2009年第12期18-21,共4页
Economy and Management
基金
西北大学研究生自主创新类项目"通货膨胀不确定性
货币政策与中国经济增长(08YZZ07)"阶段性成果
