摘要
Abstract
The combination of steady growth and low inflation is the core obj ective of most of the state 's macroeconomic policies,so the relationship between them naturally becomes the core of economists’in-terest and debate.Although related research and debate continues,it still has not produced widely con-vincing conclusion.In fact,there is another way for the inflation to effect the economy growth,high infla-tion is often accompanied by higher volatility,in the imperfect market (incompletely rational expectation and price stickiness,etc.)the accompanying high volatility of inflation makes accurate expectation more difficult,and therefore permanently changes people's consumption,savings,investment and other econom-ic behavior,further reduces the capital stock,at last impairs economic growth rate.In other words,in the non-perfect market real economy,not the high inflation itself,but rather the ensuing high uncertainty undermines economic growth.关键词
通货膨胀率/通货膨胀率波动性/经济增长率/世代交叠模型/动态面板Key words
the rate of inflation/inflation volatility/GDP growth rate/OLG model/dynamic panel分类
管理科学
