摘要:通货膨胀是经济发展中影响投资决策不可忽略的因素,更关系到国家宏观调控政策的制定,无论是在发达国家还是欠发达国家,都存在着不同程度上的通货膨胀。通货膨胀也是影响证券市场的一个重要因素,它既有促进证券市场的作用,又有抑制证券市场的功效。本文通过查阅历史数据,并利用Eviews软件对相关数据进行分析,探讨了股票收益率与通货膨胀率之间的相关关系,并根据有关结论提出了在当前通货膨胀的条件下,投资者需要积极关注的方面、可使用的捕捉投资机会方法及可重点投资的证券市场板块,为投资者实现资本保值及增值提出了一些建议,这是十分具有实践意义的研究。
关键词:通货膨胀 股票投资 上证指数
Abstract: Inflation serves as a factor that cannot be ignored in influencing investment decisions during the process of economic development, and furthermore, it highly matters for the formulation of national macro- economic control policy. Whether in developed countries or in less developed countries, there exists inflation to varying degrees. Since we entered the threshold of 2007, inflation in our country tends to be intensified. In such a circumstance, this paper deals with an in- depth analysis of China’s inflation, aiming to probe into the methods to avoid the devaluation of our currency and to advance the relevant point of view for stock investment strategies. Yet, during the inflation period, among all these investment instruments, only portfolio investment can play the role of value maintenance and appreciation to the utmost, the choice and allocation of securities products are undoubtedly of vital significance. The above- mentioned is the research of completely practical meaning.
Key words:inflation , investment of stocks, Shanghai composite index