China's monetary policy choice under the revaluation currency and inflation

摘要

At the present, Chinese economy is faced with Renminbi revaluation and inflation. To adopt the appropriate monetary policy to avoid appearing stagnation is major issue which the monetary policy authority must consider. This article, based on the money crisis theory, constructs a revaluation money crisis model on the depreciation money crisis model's foundation, and proposes the most superior monetary policy under the present environment, which is to stop the Renminbi revaluation continuingly, and break anticipated which the Renminbi revalues unceasingly, and continue to adopt the deflation monetary policy simultaneously.