摘要
本轮自2008年底开始的经济衰退,在"适度宽松的货币政策"及积极财政政策的配合作用下,经济增长很快走出了低谷,效果明显。但自2010年下半年尤其是2011年却出现了较高的通货膨胀。本文从货币政策独立性的角度分析了通胀形成的原因。认为中央银行缺乏足够的独立性、财政政策货币化、缺乏弹性的汇率制度导致货币政策缺乏独立性,使得货币供应量失控并导致了通货膨胀。
The economy has been in a recession since 2008. With the help of ＂comparative easy monetary policy＂ and the positive fiscal policy ,the economy came out of the trough quickly and started to increase. However,there is a high inflation since the second half of 2010, especially in 2011. This paper analyzes reasons that cause the inflation from the aspect of monetary policy independence,holding that due to the lack of enough independence and flexible exchange rate system, as well as the RMB counterpart of foreign exchange reserves, supply of currency has gone out of control and finally caused the inflation.
出处
《广州城市职业学院学报》
2012年第2期10-13,共4页
Journal Of Guangzhou City Polytechnic
关键词
货币政策独立性
中央银行独立性
财政政策货币化
外汇占款
independence of monetary policy
independence of central bank
monetization of fiscal policy
the RMB counter-part of foreign exchange reserves
