当前价格总水平持续上涨的若干分析

价格总水平上涨的持续因素与启动因素是不同的,仅消除启动因素而忽视持续因素,将无法有效抑制价格总水平持续上涨。当前,实际利率不断下降并成为负利率,使投资需求不断增加,拉动了价格总水平的上涨,并将货币从金融投机领域转移到产品交易领域,为价格总水平持续上涨提供了货币支持。要抑制价格总水平持续上涨必须提高实际利率,而提高利率又会促使人民币升值,对出口造成不利影响。利率调整面临着两难的困境。为从根本上破解这一两难困境,必须进行相应的企业产权制度改革,以提高劳动者收入、扩大国内消费需求。

Analysis of the Continuously Increased Overall Price Level in the Current Situation

Factors that keep the overall price level increasing and factors that start it are different.Only removing factors that start it but neglecting factors that keep it increasing can not help effectively keep it down.In the current situation,the real interest rate is continuously decreasing and is becoming negative,which in turn stimulates requirement of investment and pushes the overall price level increasing.So,we must increase the real interest rate.But,while increasing the real interest rate,we will be facing with a dilemma of the decreased export.To solve this problem,we must make innovation in property right system to increase the labors' income and stimulate domestic consumption needs.