价格总水平上涨的若干关键性范畴辨析: 兼论货币政策有效与失效

Translated title of the contribution: On Crucial Categories That Affect An Analysis of Effective and the Rise of the General Price Level: Ineffective Monetary Policies

Baoli Bai, 白 瑞雪

Research output: Contribution to journalArticle

Abstract

The paper attempts to analyze the crucial categories that affect the rise of the general price level. First, the relation between the rise of general price level and the monetary expansion is discussed to explain that the word "inflation" has been outdated for almost a hundred years, and that it has interfered into the study and governance of the rise of general price level. Then, a discussion is made between active monetary expansion and passive monetary expansion. This is meant to explain that the monetary policy is effective if applied to administer the rising general price level caused by active monetary expansion;but it is ineffective if applied to administer the
rising general price level caused by passive monetary expansion. As what faces modern economy is often the rise of general price level caused by passive monetary expansion, the monetary policies are often ineffective.
Original languageChinese (Simplified)
Pages (from-to)65-70
Number of pages6
Journal教学与研究
Issue number02
Publication statusPublished - 2012

    Fingerprint

Keywords

  • the rise of the general price level
  • active monetary expansion
  • passive monetary expansion
  • failure of monetary policy

Cite this