2011年我国的物价总水平始终处于高位运行,对于百姓的生活产生负面影响。上半年,从宏观经济指标看,我国的经济运行态势良好,在这一背景下央行推出紧缩的货币政策以遏制物价过快上涨。然而,本文的研究认为,2011年我国的实际情况是物价向上和经济向下,紧缩的货币政策既难以稳定物价,也会对实体经济产生负面影响。 In 2011, China’s total price level has always been at a high level, which has a negative impact on people’s lives. In the first half of the year, judging from macroeconomic indicators, China’s economy is in a good state of operation. Under this background, the central bank introduced a tightening monetary policy to curb excessive price inflation. However, the research in this paper argues that the actual situation of our country in 2011 is that prices are rising and the economy is down. Tight monetary policy will not only be difficult to stabilize prices, but will also have a negative impact on the real economy.