适度提高通胀容忍度有利于引导和管理通胀预期

中央银行应当致力于提高货币政策透明度,设置合适的通胀目标,以此引导和管理通胀预期。现阶段经济主体对通货膨胀的容忍度有所提高,适度提高通胀目标能减少频繁的目标偏离,增强中央银行的公信力,提高货币政策的有效性。实证研究表明,4.5%左右和2%,6%]可以作为现阶段通胀目标值和目标区间的参考值。

Improving the Tolerance Degree of Inflation for Inflation Expectation' s Leading and Management

Central bank should be committed to improve the transparency of monetary policy,set the appropriate inflation target to guide and manage the inflation expectations.Now public tolerance of inflation has improved a little,so appropriate increase in inflation target can reduce the frequency deviation from the target,enhance the credibility of central bank,and improve the effectiveness of monetary policy.Empirically,4.5% round and may be set as the appropriate inflation target value and target range.