论通货膨胀率与失业率的理想组合

An ideal combination of the rates of inflation and unemployment

物价稳定、充分就业、经济增长和收支平衡是当今世界各国宏观经济政策共同追求的四大目标 ,其中经济增长在四大目标之中居于核心地位 ,而物价稳定、充分就业在经济学界一般被视为经济增长的结果。其实 ,四大目标之间是相互联系相互制约的 ,物价稳定和充分就业既是经济增长的结果 ,同时又是一个经济能否进入持续增长的重要前提 ,因为物价波动会对人们的投资心理和消费心理产生深刻影响 ,并通过个体行为影响到宏观经济总体运行。通过对通货膨胀成本和失业成本的比较分析以及对经济主体行为的心理学分析 ,可见通货膨胀率和失业率的“双温”组合是我国目前理想的政策选择。

Price stability, full employment, economic growth, and payment balance are the four major goals to be sought by macro-economic policy makers in the world. Among these four goals, economic growth is ranked in the key position, since price stability and full employment are considered the results of economic growth. The four goals are connected with on another. Price stability and full employment is not only the results of economic growth but also the precondition of sustainable development for the reason that price fluctuation will a psychological effect on investment and consumption which will in turn affect macro economic operations by way of individual behavior. After a comparative analysis of cost of inflation and unemployment, and a psychological analysis of the behavior of economic subjects, it can be concluded that a proportional combination of inflation rate and unemployment rate is the best choice for the policy-makers in China.