论政策失效与通货紧缩惯性的制度变迁背景

On the Background of the institutional changes in the Policy Failure and the persistent Current Deflation

所要论述的问题不是通货紧缩为何发生 ,而是在众多的相机抉择措施出台之后 ,通货紧缩为何仍在继续。分析经济运行的惯性要求我们从把握经济体制变革的方向和趋势入手 ,也即必须深刻认识经济运行态势背后的制度变迁痕迹。为此 ,试图运用制度经济学的理论去阐释中国通货紧缩惯性。

This paper does not concern the reasons for the current deflation,but the causes for the deflation persistence in the face of the anti-deflation policies.To analyze the current tendency in economy requires us to set out grasping the direction and trend of the economic institutional changes,i.e.we must initiate our research by looking into the economic background of the institutional changes.For this reason,the author makes an effort to explain China's current deflation persistence with the theory of institutional economics.