我国通货膨胀的特点、引发机制及治理对策

On Characteristics and Triggering Mechanism of Inflation in China and the Corresponding Countermeasures

通货膨胀正成为我国经济发展中的主要风险。本轮通胀的重要特征是"结构性"突出,引发因素是流动性过剩,表现在过多的流动性导致农副产品等初级产品价格的大幅上涨带动结构性通胀爆发。当前我国结构性通胀的形成机理在于开放经济条件下部门发展的不协调及部门间物价涨落幅度的差异,而流动性过剩则对我国通胀的生成起到了推波助澜的作用。要有效治理通胀,必须对症下药,采取加强货币供给和货币需求的管理,把回收流动性和引导流动性结合起来,把治理通胀与转方式、调结构结合起来,认真解决实体经济中存在的结构性问题。

Inflation has almost become the main risk in China's economic growth. This round of inflation caused by excessliquidiW features strong 'structural property', because the excess liquidity leads to sharp price rise in primary prod-ucts such as farm and sideline products, thus spurring structural inflation. The formation mechanism lies in the dis-accord of development of industries and the inter-industry difference in the rise and fall in commodity price underopen economy; and excess liquidity plays a driving role. In order to control the inflation effectively, it is importantto find apt and specific ways: strengthen management of money supply and demand; combine calling in liquiditywith piloting liquidity, connect the control with changing pattern and adjusting the structure, and also solve thestructural problems existed in real economy.