基于泰勒分析框架下的中国通货膨胀影响因素的的研究

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1、AbstractSince21stCentury,thedomesticpricelevelofChinawentthroughseVeraluPsanddo啪s。andeventouchedtheapexin2007．Atthesametime，aswesee，aftertheentryofChinaintotheWTO，theopeningdegreehasbeenincreasing；InJuly2005，theRMBexchangeraterealizedthefreefloatingreform；Inaddition，th

2、enatlonaleconomvwhichislastingthestronggrowthmomentumattheendofthelastcenturY，continuestomaintaintherapidgrowthofalmosttwodigit；WhilemonetarypolicyauthoritiescontinuetopromotetheprocessofinterestratetobecomemarketabIe，andstrengthenthepolicypowerofinterestratetoregulate

3、thedomesticpricelevel．Inthismacroeconomicsituation，whichfactorsinfluenceChinainflation，howNationalre2ulatoryauthoritiestomanagethecomplexityanddiversityofinflationlsanunresolvedquestion．InviewoftheTaylorruleintheformofopeneconomy,wedoaresearchaboutrelationshipbetweenin

4、terestrate，exchangerate，GDPandinflationthroughEmpiricalmodel．WehopeputforwardsomeadviceandreferenceforChina'sregulatoryauthorities．ThispaperfirstreviewstheresearchesatdomestlcandoverseasontheTaylorruleaswellasinflationanditsinfluencefactors·Andthenbrieflvintroducesthet

5、heoreticalbasisoftheruleofTaylorandinflationand1tsinfluencefactors．Onthebasis，thisarticleusingthe1994January。2010DecemberdatatodoanEmpiricalmodelwhichfocusonrelationshipbetweeninterestrate，exchangerate，GDPandinflation．UsingthemethodofcomparativeanalYsls，weinvestigatech

6、angesbetweeninflationanditsinfluencingfactorsbeforeandafterthereformoftheRMBexchangeratesystem，reviewingtheimportanceofExchangerateinthemacroeconomicenvironment．Inthequantitativeresearch，weanalYserelationshipbetweeninterestrate，exchangerate，GDPandinflationthroughvector

7、auto．regressionmodel．Theresultsshowthat：ThereformofRMBexchangerateregimereallystrengthentheeffectsofexchangerateInthemacroecono肌cenvironment，improveitswayimpactingoninflation·AndtheProcessofmarketizationofinterestratesachievedinitialSuccess，thechannelthroughwhlcndeposi

8、tandloaninterestrateseffectoninflationhasbeendredgingonacertalndegree·Whileeconomicgrowthisstillthemainfactortoexplai