一、前言通货膨胀形成机理,因其复杂性和易变性,长期以来一直备受关注。影响一国通货膨胀水平的因素很多,如实体经济中的需求和供给因素,金融体系中的货币供给变化等。受全球经济一体化的影响,国内物价水平还受到国外经济活动尤其是发达国家经济增长和国际大宗商品价格波动的影响。正因如此,一国通货膨胀的形成机制也表现出较强的时变性,由此也导致通货膨胀的形成机制和表现特征日趋复杂。 I. INTRODUCTION The inflation mechanism has long been a topic of concern because of its complexity and volatility. There are many factors that affect the level of inflation in a country, such as demand and supply in the real economy and changes in the money supply in the financial system. Affected by the global economic integration, the domestic price level is also affected by foreign economic activities, especially the economic growth in developed countries and fluctuations in international commodity prices. Because of this, the formation mechanism of inflation in a country also shows a strong time-varyingness, which also leads to an increasingly complicated mechanism of inflation and its performance characteristics.