通货膨胀问题国外研究进展与评述

摘要/Abstract

摘要： 20世纪70年代以来通货膨胀的频发,成为严重困扰世界各国经济运行的主要难题之一,引发了众多国外学者对通货膨胀的广泛关注以及从宏观层面到微观基础层面的深入研究。本文主要从通货膨胀的福利成本、通货膨胀的不确定性、持续性和通货膨胀目标制四个方面入手,着重回顾与评论20世纪90年代尤其是21世纪以来的国外学者研究通货膨胀问题的成果,以期在把握通货膨胀问题研究的进展中,总结治理经验与合理借鉴应对政策。

关键词: 通货膨胀, 福利成本, 不确定性, 持续性, 通货膨胀目标制

Abstract: Inflation has been a serious problem for many countries since 1970s,which disturbs economic performance severely in every country.Many abroad scholars have conducted in-depth studies on inflation from macro level to micro level.This paper reviews and comments on research abroad on inflation since 1990s,especially in the 21st century,from the following four aspects: the welfare cost of inflation,inflation uncertainty,inflation persistence and inflation targeting,in order to summary the regulation experiences and study the responsive policy.

Key words: inflation, welfare cost, uncertainty, persistence, inflation targeting

中图分类号:

F821.5

陈亮, 陈霞. 通货膨胀问题国外研究进展与评述[J]. 经济理论与经济管理, 2011, 31(2): 50-58.

CHEN Liang, CHEN Xia. REVIEW AND COMMENTS OF RESEARCH ABROAD ON INFLATION[J]. Economic Theory and Business Management, 2011, 31(2): 50-58.

参考文献

[1] Martin J.Bailey.The Welfare Costs of Inflationary Finance[J].Journal of Political Economy,1956,(2).
[2] Robert J.Barro.Inflationary Finance and the Welfare Cost of Inflation[J].The Journal of Political Economy,1972,80 (5),
[3] Robert E.Lucas.Inflation and Welfare[J].Econometrica,2000,68 (2).
[4] Apostolos Serletis,Kazem Yavari.On the Welfare Cost of Inflation in Europe[J].Applied Economics Letters,2007,(14).
[5] Ben Craig,Guillaume Rocheteau.Inflation and Welfare:A Search Approach[J].Journal of Money,Credit and Banking,2008,40 (1).
[6] Rangan Gupta,Josine Uwilingiye.Evaluating the Welfare Cost of Inflation in a Monetary Endogenous Growth General Equilibrium Model:The Case of South Africa[J].International Business & Economics Research Journal,2010,9(8).
[7] Ariel Burstein,Christian Hellwig.Welfare Costs of Inflation in A Menu Cost Model[J].American Economic Review:Papers & Proceedings,2008,98 (2).
[8] Jonathan Chiu,Miguel Molico.Liquidity,Redistribution and the Welfare Cost of Inflation[J].Journal of Monetary Economics,2010,(57).
[9] Apostolos Serletis,Jagat Jit Virk.Monetary Aggregation,Inflation,and Welfare[J].Applied Financial Economics,2006,(16).
[10] Milton Friedman.Nobel Lecture:Inflation and Unemployment[J].Journal of Political Economy,1977,(85).
[11] Laurence Ball.Why Does High Inflation Raise Inflation Uncertainty?[J].Journal of Monetary Economics,1992,(29).
[12] James E.Payne.Official Dollarization in El Salvador and the Inflation-inflation Uncertainty Nexus[J].Applied Economics Letters,2009,(16).
[13] Kuang-Liang Chang,Chi-Wei He.Does the Magnitude of the Effect of Inflation Uncertainty on Output Growth Depend on the Level of Inflation?[J].The Manchester School,2010,78 (2).
[14] Abbas Pourgerami,Keith E.Maskus.The Effects of Inflation on the Predictability of Price Changes in Latin America:Some Estimates and Policy Implications[J].World Development,1987,(15).
[15] Meyer Ungar,Ben-zion Zilberfarb.Inflation and Its Unpredictability Theory and Empirical Evidence[J].Journal of Money,Credit and Banking,1993,(25).
[16] Alex Cukierman,Allan H.Meltzer.A Theory of Ambiguity,Credibility,and Inflation under Discretion and Asymmetric Information[J].Econometrica,1986,(54).
[17] A.S.Holland.Inflation and Uncertainty:Tests for Temporal Ordering[J].Journal of Money,Credit and Banking,1995,(27).
[18] James E.Payne.Inflation Targeting and the Inflation-inflation Uncertainty Relationship:Evidence from Thailand[J].Applied Economics Letters,2009,(16).
[19] John Thornton.The Relationship between Inflation and Inflation Uncertainty in Emerging Market Economies[J].Southern Economic Journal,2007,73 (4).
[20] Menelaos Karanasos,Stefanie Schurer.Is the Relationship between Inflation and Its Uncertainty Linear[J].German Economic Review,2008,9 (3).
[21] Manmohan S.Kumar,Tatsuyoshi Okimoto.Dynamics of Persistence in International Inflation Rates[J].Journal of Money,Credit and Banking,2007,39 (2).
[22] Timothy Cogley,Thomas J.Sargent.Inflation-gap Persistence in the US,Manuscript[D].University of California,Davis,2007.
[23] Charles T.Carlstrom,Timothy S.Fuerst.Matthias Paustiap.Inflation Persistence,Monetary Policy and the Great Moderation[J].Journal of Money,Credit and Banking,2009,41 (4).
[24] Rhys Mendes,Stephen Murchison.Canadian Economic Analysis Department,Declining Inflation Persistence in Canada:Causes and Consequences[EB/OL].http:∥www.bankofcanada.ca/eh/review/winter09-10/mendes_murchison.pdf,2010-11-28.
[25] Denise R.Osborn,Marianne Sensier.UK Inflation:Persistence,Seasonality and Monetary Policy[J].Scottish Journal of Political Economy,2009,56 (1).
[26] Logan Rangasamy.Inflation Persistence and Core Inflation:The Case of South Africa[J].South African Journal of Economics,2009,(77).
[27] Filippo Altissimo,Michael Ehrmann,Frank Smets.Inflation Persistence and Price-setting Behaviour in the Euro Area--A Summary of the IPN Evidence[Z].ECB Occasional Paper No.46,2006.
[28] Olen Korenok,Stanislav Radchenko,Norman R.Swanson.International Evidence on the Efficacy of New-keynesian Models of Irflafion Persistence[J].Journal of Applied Econometrics,2010,(25).
[29] Ben S.Bernake,Frederic S.Mishkin.Inflation Targeting:A New Framework for Monetary Policy?[J].Journal of Economic Perspectives,1997,11 (2).
[30] Frederic S.Mishkin.Inflation Targeting in Emerging Market Countries[J].American Economic Review,2000,90(2).
[31] David R.Johnson.The Effect of Inflation Targeting on the Behavior of Expected Inflation:Evidence from an 11Country Panel[J].Journal of Monetary Economics,2002,49 (8).
[32] Frederic S.Mishkin,Klaus Schmidt-Hebbel.Does Inflation Targeting Make a Difference?[Z].NBER Working Paper,No.12 876,2007.
[33] G.C.Lir.Inflation Targeting[J].The Australian Economic Review,2009,42 (1).
[34] Tomas Holub,Jaromir Hurník.Ten Years of Czech Inflation Targeting:Missed Targets and Anchored Expectations[J].Emerging Markets Finance & Trade,2008,44 (6).
[35] Nelson H.Barbosa-Filho.Inflation Targeting in Brazil:1999-2006[J].International Review of Applied Economics,2008,22 (2).
[36] Hakan Kara,Fethi Ogünc.Inflation Targeting and Exchange Rate Pass-through:The Turkish Experience[J].Emerging Markets Finance & Trade,2008,44 (6).
[37] Laurence Ball,Niamh Sheridan.Does Inflation Targeting Matter?[Z].NBER Working Paper,No.9 577,2003.
[38] William Miles.Inflation Targeting and Monetary Policy in Canada:What Is the Impact on Inflation Uncertainty?[J].The North American Journal of Economics and Finance,2008,19 (2).
[39] Helder de Mendonca.Towards Credibility from Inflation Targeting:The Brazilian Experience[J].Applied Economics,2007,(39).
[40] Gerald Epstein,Erinc Yeldan.Inflation Targeting,Employment Creation and Economic Development:Assessing the Impacts and Policy Alternatives[J].International Review of Applied Economics,2008,22 (2).
[41] Raghbendra Jha.Inflation Targeting in India:Issues and Prospects[J].International Review of Applied Economics,2008,22 (2).
[42] Jeffery D.Amato,Stefan Gerlach.Inflation Targeting in Emerging Market and Transition Economies:Lessons after a Decade[J].European Economic Review,2002,(46).
[43] Frederic S.Mishkin.Challenges for Inflation Targeting in Emerging Market Countries[J].Emerging Markets Finance & Trade,2008,44 (6).