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because of government investment in the project A qualification is good, the investment rate of return is 100%, obviously, if the government to raise money to A project, its capital output efficiency is beyond the necessary return rate required by the industry, so performance is in the practice of goods, relative products and relatively too little money too much, therefore, not only can make the overall inflation rate increase, will make the inflation rate down.

From the above examples we can see that when issuing scale of national debt investment on the project's internal rate of return and the necessary return rate in the industry of the project is a must to consider a factor, because this factor is also related to issue bonds would have driven effect on inflation in the future.

According to this theory, if you want to measure the bond issuance will impact on inflation, it is necessary to know the specific situation of the investment project to raise funds by.This evaluation method in theory is actually an auxiliary decision criteria, that is to say, this method is not able to calculate the specific size to issue bonds, but only in the national debt issuance and capital USES for uncertain decision will lead to inflation.If can lead to inflation, and the extent of its growth over the tolerance range, you will need to adjust the use of capital flow into, make money as much as possible into the internal rate of return higher, or more than the industry need return on more projects, so that you can lower the rate of inflation, and even do not produce inflation.

An example above is issuing Treasury bonds to only one project as an example to illustrate, and funds raised through issuance of Treasury bonds by actually could not only into a project, then how to measure its impact on inflation?We can calculate the investment project of the first industry yields a weighted average of the industry, and then according to each project's own internal rate of return to calculate a weighted average of the internal rate of return, if the former is greater than the latter, will lead to inflation, not conversely.

China's current monetary phenomenon more serious, in January 2011, the CPI has reached 4.9%, investigate its reason, mainly because of currency into output efficiency than money required by the necessary return rate, thus leading to physical output is relatively small, the currency issue more, cause inflation.Solve the problem of inflation, so the future on the one hand to tighten liquidity, reduce money, on the other hand, it is necessary to intensify investment project review, make money as much as possible into the high output value.

The Treasury is the management authority of the savings bonds, according to the budget every year, and need to develop a plan of savings bonds issued debt management, and regularly released to the public.Savings bonds issuance and acceptance of concrete operation matters by the UK Treasury has national savings investment authority (hereinafter referred to as dax harkins) completed.National ChuHuiJu design of savings bonds varieties to declare the ministry of finance for approval, shall be applicable to the different maturities of the current level of interest rates in accordance with the interest rates set by the Treasury.

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