CAJ | 학술논문

在我国社会主义市场经济飞速发展的同时，通货膨胀现象日益凸显。为验证通货膨胀的主要影响因素，笔者结合大量国内、外相关研究，运用C-VECM模型构建并经验分析了资产价格、国债、货币供应量3个变量与通货膨胀间的动态联系。经验分析结果表明：资产价格和货币供应量对通货膨胀的影响正向且显著，而国债在短期内对通货膨胀并无显著影响。
재아국사회주의시장경제비속발전적동시，통화팽창현상일익철현。위험증통화팽창적주요영향인소，필자결합대량국내、외상관연구，운용C-VECM모형구건병경험분석료자산개격、국채、화폐공응량3개변량여통화팽창간적동태련계。경험분석결과표명：자산개격화화폐공응량대통화팽창적영향정향차현저，이국채재단기내대통화팽창병무현저영향。
Inflation is getting more and more prominent in China while the socialist market economy is experiencing fast development. To verify the main influence factors on inflation, the author empirically analyzes the dynamic relationship between the three variables of asset price, national debt, money supply and inflation, combining with a large number of related researches both at home and abroad as well as using the C / VECM model. Consequently, it shows that asset price and money supply exert an obvious and positive influence on inflation whereas national debt in a short term has no obvious impact on inflation.