通货膨胀对货币供应的效应分析——来自中国的经验证据

本文运用普查后的数据从一个较长的时期（1952-2006）考查了通货膨胀对货币供应的影响。具体检验了通货膨胀与货币供应的因果关系，分析了通货膨胀对货币流通速度的效应。文章实证分析结果显示，整体上通货膨胀对货币流通速度的绝对加速效应要弱于相对加速效应，而近年来的数据又显示，通货膨胀对货币流通的绝对效应与相对效应变得明显。文章进一步证实了弗里德曼（1963）的论断“通货膨胀总是货币现象”。

Analysis on the Effect of Inflation on Money Supply——Empirical evidence from China

This paper provided an research on the relationship such as causality as well as co-effect between inflation and money supply in 1952-2006,by using the first China Economic Census(CEC) data.It got a clear view that the speed-up effect on money circulating rate from inflation,dividing into absolutely speed-up effect and relatively speed-up effect.Also,the phenomena that the absolutely speed-up effect was more or less weak than the relatively speed-up effect accorded with our intuition.In recent years,these t...