Wednesday, January 12, 2011
Especially the significant variety of residence price
Core inflation index sign is limiting sex is very obvious.The core inflation index sign picked and got rid of many prices of merchandises, as a result wasn,t overall to the reflection of commodity price.At the same time, prices like food,etc pick and get rid of because of the core inflation, exactly is with common common people living closely-related, therefore, core inflation concept of the society accept degree lower.But such as front say, the core inflation index sign makes policy to the short-term monetary policy, is still meaningful.In fine, for the sake of the effective control inflation, National Central Bank in all countries all pays attention to core and total inflation at the same time.
In addition to end consumption price, the variety of property price is to have to consider , in the National Central Bank monetary policy that make policy of important factor.Japan after the 90 is in last century of keep on depression and 2007 of international financial crisis, it is the important reason that induce a crisis explosion to let people know leading of property price to soar quickly.In the traditional monetary policy frame, the National Central Bank explains price stability mainly for the stability of consumption price, but pay attention to to the property price not enough.Practice a proof, if monetary policy were too relaxed, interest rate level would be low, mobility and long-term excess, these will foster a property price foam and teach very profoundly.In recent years inflation in all countries mainly the performance soar for"structure", then the price of primary commodity and property soars a little bit quickly, while the price of general merchandise soar a little bit slowly and make the consumer price index can not reflect economic period variety in time.Property price, especially the significant variety of residence price, oneself mean the change of currency currency value, therefore the National Central Bank not only needs to value general merchandise price, but also wants to pay attention to property price.
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