DSpace at Bangkok University >
Graduate School >
Master Degree >
Independent Studies - Master >
Please use this identifier to cite or link to this item:
|Summary Of The Reasons For China’s Inflation Occurred
|For a long time, both the governments and economists are concerned with the problem of inflation, because as an important macroeconomic indicators, inflation is inextricably linked with macroeconomic operation. It is an “indicator” reflecting the market economy, it is also a “regulator” allocating the economic resources of the market. Figure 1 plots official statistics for Chinese GDP growth, urban consumption growth and inflation. Price stability has been the one of the pursuit objectives of national macroeconomic policy. In recent years, China’s various types of price index showed rising, as the level of prices not only involves the livelihood of the residents, the production of enterprises, but also the direction of the macro-control policies, thus prices again become the focus of attention.
After using other scholars’ study for reference, the text studies the leading factors inducing the current inflation and their impact by using stationary text, cointegrating regression, error correction model, impulse response function. The paper is divided into five chapters as follows:
Chapter 1 will be introduction of the whole paper and gives the purpose of writing the paper, current situation of international research about these problems, methods of research and probable innovation in the paper. Chapter 2 will outline classic macroeconomics theory, including Semi-Keynesian theory of inflation, New theory of the Cambridge School, Monetary theory of inflation School and Swedish School of inflation theory. Chapter 3 will deduce four macroeconomic factors which have induced effect to inflation of China based on inflation theory, and analyze the transmission mechanism that how these factors affect inflation in China. Chapter 4 will choose indicators as induced indicators of China’s inflation, applying empirical research methods to test whether they are Inflation’s origins and building regression model to gain their induced coefficient to inflation. Chapter 5 will put forward a couple of suggestions in four sides to solve this problem. According to the study, we can find that there is a strict relation which is reflected in exchange equation among foreign exchange, broad money supply, exchange rate, total retail sales of social consumer goods and investment in fixed assets. It’s indicated that the increase of foreign exchange, total retail sales of social consumer goods and investment in fixed assets would pick up the inflation while the increase of exchange rate can reduce the inflation.
|Independent Study(M.B.A.)--Graduate School, Bangkok University, 2014
|Appears in Collections:
|Independent Studies - Master
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.