国债的货币化与通货膨胀效应分析

The National Debt's Currency and Inflation Effect Analysis

作为国债的财政赤字所引致的财政性货币发行显然是一种货币投放 ,当国债发行收入被作为财政支出安排时 ,就会对基础货币进而对货币乘数有所影响 ,起到一种创造货币的效应 ,由此构成对通货膨胀的一个推动。多年的实践表明 ,我国国债的发行并没有伴随着物价指数的持续上涨 ,这是由于多种因素共同作用的结果 ,但应该采取积极措施防范国债发行所带来的各种风险。

The currency of the national debt is a kind of currency throwing.When national debt as public finance expenditure arrangement, there may be an influence to currency multiple, and causes a kind of effect of currency creation.From here a push to inflation may be exist. But the price index don't keep on soaring, and this is because of various factors coefficient result. We should adopt the positive measure to against the every kind of actions to prevent national debt risk.