Incentives of Supply of Agricultural Product、Control and Regulation of Money and Inflation Management Objectives
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| Title | Incentives of Supply of Agricultural Product、Control and Regulation of Money and Inflation Management Objectives
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| Author | Yang Jisheng and Li Yi |
| Organization | Huazhong University of Science and Technology |
| Email | yangjisheng770@163.com.；liyidavid@126.com |
| Key Words | Incentives of Supply of Agricultural Product；Inflation Management Objectives；External |
| Abstract | It is the basic premise of the effective inflation management to accurately reveal the power producer of the inflation. This paper study the supply of agricultural products、the demand factors of currency and expectation and so on through the panel structural VAR with interaction effects. The analysis results found that the effect on stabilizing inflation of agricultural product is very limited，the supply motivation can not be an effective means of anti-inflation；expectation is the most fundamental the driving force of inflation，the continuity of the policy is the key of inflation management；the regulation and control of currency to inflation has significant impact，but for foreign exchange、interest rate and other control means，there exist significant regional differences in sensitivity degree；on the space，the west area significantly bear the higher inflation pressure than the rest region，management aim of inflation should take the core inflation rate of the west region as the benchmark，the aim of inflation management suitable for the stable-state economic growth is between 3%~5%. |
| Serial Number | WP209 |
| Time | 2012-02-15 |
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