CAJ | 학술논문

通货膨胀目标制是一种以保持低而稳定的通货膨胀为首要目标的货币政策框架。本研究参照IMF提出的相关指标，并考虑到中国作为转型国家的经济特征，从中国当前经济运行中控制一般物价水平的必要性、经济结构的完善性、金融市场和银行体系的健全性、中央银行的独立性、货币政策的透明度以及央行准确预测通货膨胀的技术等方面考察了中国实行通货膨胀目标制的可行性，得出中国已经初步具备实施该货币制度的条件。并提出更彻底的制度改革将会确保中国成功实施通货膨胀目标制，从而使得宏观经济运行处于稳定的价格水平因而更有效率。
통화팽창목표제시일충이보지저이은정적통화팽창위수요목표적화폐정책광가。본연구삼조IMF제출적상관지표，병고필도중국작위전형국가적경제특정，종중국당전경제운행중공제일반물개수평적필요성、경제결구적완선성、금융시장화은행체계적건전성、중앙은행적독립성、화폐정책적투명도이급앙행준학예측통화팽창적기술등방면고찰료중국실행통화팽창목표제적가행성，득출중국이경초보구비실시해화폐제도적조건。병제출경철저적제도개혁장회학보중국성공실시통화팽창목표제，종이사득굉관경제운행처우은정적개격수평인이경유효솔。
Inflation targeting is a monetary policy frame which aims at maintaining lower and stable inflation rate. According to the IMF standard, as well as considering China's emerging economy characteristic, explores the feasibility to conduct Inflation Targeting in China through analyzing the necessity of controlling the general price level , the integrity of adjusting the economy structure, the integrity of the financial market and banking systems, the independence of central bank, the open degree of the monetary policy as well as the technics of the central bank predicting the inflation correctly , drew a conclusion that it is feasible for China to carry out a monetary policy of inflation targeting basically. Further policy reformation would be essential for conducting Inflation targeting successfully in China, which would keep the macro-economy going at a stable price level.