Comparative Study Of Inflation Treatment In BRIC Countries Over Post-crisis Period

Since the breakout of the2008financial crisis, the complexity and uncertainty in the international economic environment markedly increased. With the implementation of quantitative casing monetary policy in major developed economies, the inflation issue of emerging economies represented by BRIC countries (Brazil, Russia, India and China) highlights. Meanwhile, economy development faces the risk of falling again after a strong recovery. In this background, the paper takes BRIC as the research object, starts from the phenomenon and causes of the inflation in each country, analyzes and evaluates the policy measures adopted by each country to curb inflation and their effect, and then draws useful enlightenment. There’s important practical significance for BRIC to prevent and curb inflation more effectively, especially for China a very good reference. This’s also the ultimate aim and goal of the paper.The paper bases on the structural analysis of BRIC countries’ inflation, comes up with the similarities and differences of inflation characteristics. Inflation caused by rising food prices is a common character for BRIC, but there are also "structural" and "universal" differences, which is a precondition for the analysis and evaluation in the subsequent chapters. Next, the paper makes a comparative analysis of the inflation causes in BRIC, concludes that affected by international economic environment, inflation in BRIC shows significant "imported" character. Meanwhile, differences in economy development models and structures lead to complexities and particularities in inflation causes of each country. Then there is a comparative analysis of the policy and measures taken by BRIC to curb inflation, including monetary policy, fiscal policy and other measures, which reflects the focus of each country’s policy measures. Based on the above analysis, the paper finally evaluates the effect of treatment and then make beneficial enlightment including effective treatment should be based on correct understanding, using Group Policy to improve the targeting of treatment, protecting agricultural production and stabling supply, strengthening cooperation to prevent "imported" inflation, adjusting and improving economic structures, strengthening market regulation and improving the information transmission mechanisms.