物价波动下的产业调整速度、信贷投放与财政支出

On Velocity of Industrial Adjustment,Credit and Fiscal Expenditure with Price Fluctuation

基于1953—2010年统计数据的研究表明,三次产业调整速度能够显著地影响通货膨胀率的变化。函数图像表现为非对称的"U型"曲线。调整速度存在着最优区间。调整过快或者过慢都会引起通货膨胀率上升。在通货膨胀预期增强的情况下,产业发展规划要防止因为结构失衡而增大通货膨胀压力。另外,在产业结构调整过程当中信贷投放与财政支出等政策必须相互配合。

Statistic data from 1953 to 2010 indicates that velocity of three industries ~ adjustment impacts inflation rate remarkably. The function graph is an asymmetrical U-shape curve. There is an optimal velocity interval. Either higher or lower velocity will increase inflation rate. Under circumstance of more inflation expectation, industrial development programs should avoid increasing inflation pressure because of structural imbalance. Moreover, policies of credit and fiscal expenditure should cooperate with each other in industrial adjustment.