China's Monetary Policy Research Based On The Inflation Targeting

Inflation targeting in the last 10 years of a new monetary policy framework. Clearly announced the adoption of the current international system of inflation targeting countries have more than 30, because of their good economic performance in attracting a growing number of national central banks and economists attention. Inflation targeting monetary policy to overcome the time inconsistency issues, thus enhancing the responsibility of the monetary authorities to stabilize prices, increase the transparency and credibility of monetary policy, so that the public and the monetary authorities to conduct monetary policy on effective communication and communication, thus the true effect of price stability played.China as a market-oriented reforms is promoting the transition of developing countries, although China's money supply as an intermediate indicators also continue to play an important role, but as an intermediary target of monetary policy and policy tools, and output and price-related of a gradual weakening, as well as the central bank's money supply and so the reasons for lack of controllability of the money supply as an intermediate target of monetary policy in China is facing challenges.Based on the problems of China's monetary policy, and implementation of inflation targeting countries achieved good economic results, this paper on monetary policy and inflation targeting regime to conduct a comprehensive and systematic exposition, combined with China's monetary policy and inflation targeting regime The comparative analysis of the monetary policy framework was arrived at in our country do not apply to a conclusion and finally based on the inflation targeting monetary policy in China under the What conditions are required, China's monetary policy, what adjustments need to do a detailed study.