The Research On China's Current Inflation Based On The Monetray Theory

For a long time,both the governments and economists are concerned with the problem of inflation。At the recent years,China's economy is being accelerated greatly while the commodity price is rising continuallyo The comsumer price index(CPI) keeps at a high levelo It's obvious that china is confronted with austere inflation tension,academe has carried out a great deal of researches which are based on the current inflaton from various aspects,including cause,mecha -mism,measures aned so On。After using other scholars' study for reference,the text studies the leading factors inducing the current inflation and their impact by using stationary text,cointegrating regression,error correction model,impulse response functiono According to the study,we can find that there is a strict relation which is reflected in exchange equation among foreign exchange,actual gross demostic product,currency circulation rate,the required reserve ratio in the long termo It's indicated that the increase of foreign exchange and currency circulation rate would prick up the inflation while the increase of required reserve ratio and actual gross demostic product can reduce the inflation sharplyo However,their short-term statistical relation don't comply with the classical theory。...