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REVIEW AND COMMENTS OF RESEARCH ABROAD ON INFLATION

Chen Xia

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Abstract

Inflation has been a serious problem for many countries since 1970s,which disturbs economic performance severely in every country.Many abroad scholars have conducted in-depth studies on inflation from macro level to micro level.This paper reviews and comments on research abroad on inflation since 1990s,especially in the 21st century,from the following four aspects: the welfare cost of inflation,inflation uncertainty,inflation persistence and inflation targeting,in order to summary the regulation experiences and study the responsive policy.

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Inflation has been a serious problem for many countries since 1970s,which disturbs economic performance severely in every country.Many abroad scholars have conducted in-depth studies on inflation from macro level to micro level.This paper reviews and comments on research abroad on inflation since 1990s,especially in the 21st century,from the following four aspects: the welfare cost of inflation,inflation uncertainty,inflation persistence and inflation targeting,in order to summary the regulation experiences and study the responsive policy.

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Available abstract

Inflation has been a serious problem for many countries since 1970s,which disturbs economic performance severely in every country.Many abroad scholars have conducted in-depth studies on inflation from macro level to micro level.This paper reviews and comments on research abroad on inflation since 1990s,especially in the 21st century,from the following four aspects: the welfare cost of inflation,inflation uncertainty,inflation persistence and inflation targeting,in order to summary the regulation experiences and study the responsive policy.

Key concepts: Inflation (cosmology), Economics, Order (exchange), Keynesian economics, Real interest rate, Macroeconomics, Monetary economics, Monetary policy

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