Research on the synergy of the G20 inflation cycle

摘要

This paper studies the synergy of the inflation cycle of the G20 and its influencing factors. The results show that there is a strong synergy among the cyclical fluctuations of inflation in member states. The main influencing factors include the quality of the world economy, the degree of independence of central banks, the level of industrialization in industrial countries, and the differences in economic zones in different regions, and so on. The numerical outputs of factor analysis and cluster analysis show that the G20 inflation cycle can be divided into three types, namely as stable, relatively stable and unstable type. Although China currently belongs to the stable type, under the trend of accelerating global economic integration, it will inevitably be affected by the economic turmoil of other countries and resulting in fluctuations. Under this circumstances, this article provides a series of measures that can be taken against global inflation for China.