中国中央银行独立性与通货膨胀抑制的实证研究  

A Study on the Appropriateness of Central Bank Relative Independence in China

作　　者：任碧云[1] 黄蓓[1] 杨雪梅[1] 

机构地区：[1]天津财经大学金融与保险研究中心,天津300222

出　　处：《河北学刊》2011年第3期146-149,共4页Hebei Academic Journal

摘　　要：基于1978—2008年的经验数据和收入不平等、固定资产投资等宏观经济变量,通过多元回归嵌套模型对中国中央银行独立性(CBI)与通货膨胀的关系进行实证分析,发现CBI与通货膨胀不仅呈负相关关系,并且是通过与基尼系数和固定资产投资增长率的交互作用实现的,CBI指数每增加一个单位,通货膨胀率大约会降低3.54个百分点。CBI存在一个作用的适度区间,即CBIt∈(14.28,20.65)。由此可知,在14.28至20.65的区间内适度增大可抑制通货膨胀。This article makes a empirical research on the relationship between Central Bank Independence（CBI） and inflation in China by use of modified index,and bring inequilibrium of income,investment in the fixed assets and some others macroeconomic variables in a model to construct a multiple regression nested model which based on the data of 1978 to 2008.Our study not only shows that CBI appears negative correlation with inflation,but also finds the negative correlation is transmitted by the interaction between Gini coefficient and growth rate of investment in the fixed assets,and gets that inflation would decrease about 3.54 percentage points when the index of CBI increase per unit.Our research also finds there exists a moderate interval for CBI,namely.And We propose that it would restrain inflation by use of increasing CBI in the interval between 14.28 and 20.65.

关 键 词：中央银行独立性 通货膨胀 固定资产投资 收入不平等 

分 类 号：F832[经济管理—金融学]