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从理论上说,通货膨胀是因货币过多引起的物价全面、持续大幅度上涨现象,是可以通过货币政策控制的。由此可以推论:膨胀性的货币政策是产生通货膨胀的必要条件。尽管我国经济生活中的诸多矛盾能够产生通货膨胀压力,但这种压力要得以释放,转化为现实的通货膨胀,离不开膨胀性的货币政策。我国经济转轨时期发生的三次明显的通货膨胀(1985年、1988年及1993年至今),其直接诱因都是膨胀性的货币政策。那么,我国的货币管理当局为什么会倾向于膨胀性的货
In theory, inflation is a phenomenon of full and sustained soaring prices caused by excessive currency, which can be controlled through monetary policy. From this we can deduce: Expansionary monetary policy is a necessary condition for inflation. Although many contradictions in our economic life can create inflationary pressures, such pressures must be released and converted into real-world inflation without expansionary monetary policy. Three obvious inflation (1985, 1988 and 1993-present) occurred during the period of China’s economic transition have direct monetary incentives that are both inflationary and inflationary. Then, why does the monetary authority of our country tend to be expansive