Study On International Transmission Of Inflation Between The Countries Along “The Belt And Road"

With the deepening of global economic integration,the relationship between countries is becoming more and more closely related.When a country's economic variables fluctuate,it will be transmitted to other countries through capital flows,international trade and investment.In particular,after “The Belt and Road" strategy,China in the development of regional economy is increasing year by year,the scale of foreign trade has increased greatly,its role and influence in the international price transmission chain has attracted much attention.Therefore,under the background of "The Belt and Road" strategy,China and "The Belt and Road" strategy countries along the international transmission of inflation has a very important practical significance.This paper first introduces the background and significance of the research,and reviews and summarizes the relevant literature review at home and abroad.Secondly,from the analysis of theoretical analysis and strategic perspective,researches the international transmission of inflation and "The Belt and Road" strategy respectively.Finally,using the method of empirical analysis,analysis the major trading partners countries of "The Belt and Road" strategy along the international transmission of inflation,and puts forward relevant policy suggestions.This paper takes China and import and export trade in the top 8 countries CPI as variables,using the VAR model,and through the method of Granger causality test,analysis the major trading partners countries of "The Belt and Road" strategy along the international transmission of inflation.It researches the impact of inflation of China to Vietnam,Malaysia,Thailand,Singapore,India,Russia,Indonesia and Philippines,as well researches the impact of inflation of Vietnam,Malaysia,Thailand,Singapore,India,Russia,Indonesia and Philippines to China.Finally,under the background of "The Belt and Road" strategy,China inflation showed " input " feature and further puts forward some policy suggestions to achieve price stability.