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There was also inflation in the Yuan Dynasty, which stemmed from the large amount of paper money issued by the rulers.
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There should be none, inflation will only occur after the appearance of paper money, and there will be no inflation during the period of metal money, which is what Marx said.
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Inflation in China was a common occurrence in ancient times, and once a war broke out, the inflation phenomenon was very serious. The currency of the previous monarch will soon become unusable.
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The worst inflation in history should be once in recent history, and then it's better not to happen like this anyway, after all, the people are not happy.
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I think there was no inflation in ancient times, because in ancient times money was controlled by the state, and it was impossible to be inflationary.
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It should be in modern times, when the first department was chaotic, social life was also very messy, and many rules and regulations were not formulated.
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It's not very clear, but inflation probably happens in times of war or natural disasters.
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1949-1950, the end of the pre-liberation hyperinflation;
From 1959 to 1961, during the three-year difficult period, a large number of male laborers died unnaturally, resulting in **shortages and prices**;
In 1985, the price reform was large-scale, and the prices that had been suppressed for many years exploded like a volcano; From 1994 to 1996, after entering the market economy, a new round of investment fever triggered inflation.
From 1997 to 2002, China experienced five years of deflation.
07 Inflation to date.
The current increase in prices** inflationary pressures is due to a number of reasons.
1. Imbalance between supply and demand For example, in the food industry, this is demand-driven inflation.
2. Cost pull, such as iron ore and other international **rises, and the domestic industry is the best.
3. Domestic investment is overheated, and a large amount of liquidity flows to the property market** Excess liquidity has led to increased inflationary pressure.
4. The long-term existence of a huge surplus in the international ** international balance is serious and the RMB is too much.
5. The expectation of RMB appreciation has caused a large amount of international capital to flow into China.
Therefore, the management of prices should be carried out at the same time.
1. Accelerate the adjustment of industrial structure.
Vigorously develop agriculture, especially intensive agriculture, and increase the output of agricultural products.
We should resolutely implement energy conservation and emission reduction, restrict the development of the "two high" industries, and encourage the development of new energy and new technologies to reduce dependence on foreign energy resources.
Promote the healthy and stable development of the property market and prevent economic bubbles.
2. Strengthen credit management and control liquidity.
Contractionary monetary policy is being implemented, raising the reserve requirement ratio, interest, issuing central bills, etc.
Optimize the credit structure and give preference to small and medium-sized enterprises and enterprises in emerging industries to absorb the relative excess liquidity.
3. Improve the international imbalance through fiscal means such as taxation and exchange rate means, such as reducing the export tax rebate rate and appreciating the renminbi, changing the situation of huge surpluses, reducing the share of foreign exchange, and improving the situation of excess liquidity.
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Definition: BAI
Inflation, the basic concept of inflation, generally refers to: under the circulation of paper money, because the supply of currency is greater than that of currency.
Real demand, which leads to the depreciation of the currency, leads to a sustained and widespread phenomenon of prices for a period of time. The essence of this is that the aggregate demand of society is greater than the aggregate supply of society.
When the currency circulating in the market decreases, the people's monetary income decreases, and the purchasing power decreases, which affects the price of goods and causes deflation. Prolonged monetary tightening will dampen investment and production, leading to higher unemployment and a recession.
Different schools of thought have different theories about the causes of inflation.
Event: The currency problem is a common and almost frequent occurrence in economic development, and it is typical of the stagflation problem in the United States. The constant change in the 08-09 interest rate in our country is a reaction to the currency problem.
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Inflation bai rate, famously is.
During the period of the unification of the country, in 1940, the approximate growth was that the face value of one million yuan was only equivalent to a hundred yuan a few months or a year ago.
In the case of deflation, it is counted from the beginning when gold and silver began to become equivalent exchanges, and it is counted throughout ancient times, because it is artificially mined, and the output is low, resulting in insufficient currency.
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In ancient times, there was no inflation. Because the economic development in ancient times was not particularly good. Power is in the hands of the state.
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In the process of issuing copper coins in ancient China, there were many inconsistencies between the nominal value and the actual value, which caused currency depreciation, price and social instability.
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In ancient times, there was also inflation, which led to the depreciation of the currency at that time, the rise of prices, and the widening gap between the rich and the poor.
Inflation is when prices rise and money is worthless; For example, in the past, 1 yuan bought an egg, and it became a yuan first, which is 10% of the eggs, and the price index is the ** index of the main commodities in the whole society. Bonds and bank savings are both fixed interest rates, that is, the annual interest income is fixed, for example, 3%, that is, if you save 1 yuan in bank savings or buy 1 yuan in bonds, you can get 3 points of interest; But the price is **, an egg is more expensive, and your 3 points of interest income is not worth the price **, which means that you have lost and your money has depreciated, that is, the current money can no longer buy so many things, goods and services as before, and you only have yuan to buy ** yuan of eggs. Therefore, the income from your investment must exceed inflation, that is, the range of prices** to be cost-effective. >>>More
It should be said that both inflation and deflation will eventually lead to economic depression, and the difference between the two is that inflation is prosperous in the early stage, while inflation is always accompanied by economic depression!!
Inflation increases the exchange rate, i.e. the local currency depreciates; However, if the magnitude of the internal depreciation is greater than the magnitude of the external depreciation, it can constitute a condition for foreign exchange dumping and promote exports. However, the current reality is that the renminbi depreciates internally and appreciates externally, which should be said to be of great help to imports. For example, from January to September this year, the country's exports increased by 100 million US dollars; Imports of 100 million US dollars, growth, import growth rate higher than export growth rate of 4 percentage points.
Hyperinflation is devastating. The rulers have learned. Most of China's banks are state-owned joint-stock banks. >>>More
Now not only is I worried about inflation, I think stagflation is also very likely, although the current active fiscal policy and the overall trend of moderately loose monetary policy, that group of bricks have always said that it will not change for the time being, and they are all there to say that they are worried about demand-pull inflation, saying that China's CPI is negative and negative... Don't you notice that the house prices are higher now than in 07, and the prices are higher, especially the price of vegetables, which is more obvious, and I, a person who never buys vegetables, can't stand it!! Industrial raw materials ** is also soaring, I think the future is likely to produce cost push and international imported inflation, then the central bank will definitely adopt a tightening policy, in fact, a few days ago to raise the statutory reserve ratio is a signal, in the current Chinese economy is not fully warmed up then the next round of depression will come, and then cause unemployment, then unemployment and inflation coexistence of stagflation will come completely. >>>More