CAJ | 학술논문

本文基于相关文献，从贸易发展均衡与非均衡的视角对贸易开放度与通货膨胀两者之间的关联机制进行文献梳理和理论分析，旨在深化对贸易开放度和通货膨胀两者关系的认识；同时利用中国省级面板数据对贸易开放度和通货膨胀关系的理论假说进行检验。研究发现：均衡的贸易发展使得一国货币政策和对外债务更加谨慎，从而具有平稳通货膨胀的作用；而贸易非均衡发展导致的外汇持续累积效应和国际价格传递效应，有可能会加剧通货膨胀压力。
본문기우상관문헌，종무역발전균형여비균형적시각대무역개방도여통화팽창량자지간적관련궤제진행문헌소리화이론분석，지재심화대무역개방도화통화팽창량자관계적인식；동시이용중국성급면판수거대무역개방도화통화팽창관계적이론가설진행검험。연구발현：균형적무역발전사득일국화폐정책화대외채무경가근신，종이구유평은통화팽창적작용；이무역비균형발전도치적외회지속루적효응화국제개격전체효응，유가능회가극통화팽창압력。
Based on the related literature, this paper studies the relationship of trade openness and inflation from the perspective of balanced and unbalanced economy,and tests the theoretical hypothesis of the trade openness and in-flation relationship with Chinese provincial panel data. The result shows that in equilibrium, the opening degree of trade improvement makes the monetary policy and foreign debt more cautious then restrains inflation. But in the unbal-anced condition and fixed foreign currency system, the sustained cumulatively effect of foreign exchange caused by continuous trade surplus and international price transmission effect, increases the inflation pressure.