Inflation pressure and price intervention: an ominous combination

Qiren Zhou

China Economic Journal, 2008, vol. 1, issue 2, 237-243

Abstract: Of the debate regarding the new round of surging inflation in China, structural opinion interprets inflation as a problem of structural price growth, mainly brought about by a price hike for selected commodities as a result of exogenous shocks from different sectors. In line with the explanation, various measures aiming to control prices have been implemented recently. On the basis of basic economic principles and empirical evidence drawn from four cases, this essay argues that price intervention policies are counter-productive in bringing inflation down.

Date: 2008
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DOI: 10.1080/17538960802076802

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