The Empirical Study And Measures Of Imported Inflation

This paper discusses our country input type inflation two pathways, and happen input type inflation roots.first pathways is structure theory of inflation under the conduction of input, specific have two ways, one is the international consumer prices eventually directly to promote the country's consumer price index rose; 2 it is import crude oil, iron ore, etc prices, first impelling our country factory-gate prices, then indirect promote consumer price index rising. According to the structure theory of inflation next input, this paper puts forward improving efficiency of resource use; Development and utilization of clean energy and nuclear two management measures. The article argues that, article 2 pathways is monetary theory of inflation under the conduction of input, specific pathways for: Chinese foreign exchange reserve increases, the expansion of the gap in foreign currency, foundation, causing massive launch forced the consumer price index rising. But statistics analysis shows that, foreign exchange reserves growth and rising in the CPI, then no correlation between the monetary transmission way of our country from foreign exchange reserves, the study found the monetary base for a central bank put the hedge measures, lead to weaken the conductive effect; From the monetary base on currency supply, because the decrease of the currency, leading to create multiplier conductive effect weakened; From the money supply to the price level, because money velocity, resulting in the slow conductive effect are weakened. Monetary transmission effect is step by step is weakened, foreign exchange reserves and CPI does not exist correlation the true reason. For monetary theory inflation next input model, this paper puts forward the reform of China's current foreign exchange management system; Speed up the construction of the RMB exchange rate system; We will improve the RMB open market operations, strengthen the basic monetary recycling channel three measures.This paper also analyzes the cause inflation in China the root of input type, think is due to the irrationality of international monetary system, the dollar as the world monetary enjoy the privileges and American looser monetary policy implementation, enabling global liquidity and used for more flooding caused by two pathways in the occurrence of input type inflation. Aiming at the input type inflation, puts forward propulsion RMB internationalization, increase strategic materials reserves two management measures.