摘要
与之前比较,2010年以来此轮通胀成本冲击型特征十分明显(主要表现为国际大宗商品价格高企和国内劳动力成本上升)。在此背景下,是否应提高对通胀的容忍度以及宏观政策如何有所作为已成为热门话题。目前国内外已经有一些对通胀容忍度的探讨,但规范性的研究论文并不多见。本文在多恩布什-费雪(Dornbusch-Fischer)框架基础上,结合中国实际,创新性地区分大宗商品价格和劳动力成本冲击(尤其是B-S效应)对总供给以及宏观经济的不同影响机制,探讨有关通胀容忍度以及宏观政策应对问题。
This round of inflation in China since 2010 had a very significant characteristic that cost shocks were main drivers,including the hike of commodities and labor cost.Under the current situation,the issues of inflation tolerance and related macroeconomic policy had attracted widespread attention.This paper discussed the different effects of commodities shocks and labor cost shocks on the supply side based on Dornbusch-Fischer framework,and studied the inflation tolerance and reaction to macroeconomic policies in China.
出处
《经济理论与经济管理》
CSSCI
北大核心
2012年第3期48-52,共5页
Economic Theory and Business Management
关键词
成本冲击
通胀容忍度
经济政策
cost shock
inflation tolerance
macroeconomic policy
