通货膨胀、财政赤字与经济增长

Inflation,Financial Deficit and Economic Growth

铸币税和通货膨胀税作为政府隐性税收降低了居民可支配收入,通货膨胀与一般性税收之间的时滞对政府总财政税收产生了一定的影响,国内资本市场的不完善和政府对中央银行的直接干预是我国财政赤字和通货膨胀的主要原因,以通货膨胀促进经济增长不仅效果甚微,而且以改变居民经济预期的方式抑制了国内消费需求。

Inflation tax,as a hidden tax,reduces disposable income of residents.Time delay between inflation and common taxation plays a certain role in gross financial revenue of the government.Defect in domestic capital market and direct interference from the government in the central bank are the main causes for budget deficit and inflation in China.Economic growth pushed by inflation is of little effect and it depresses domestic consumption by changing residents' economic expectation.