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An empirical research on the money-supply effect of inflation expectation when managing inflation expectation in China - Based on Cagan model and Lucas microeconomic rational expectation equation
Li, Xiaodong ; Ji, Yicheng ; Ji YC(纪益成)
2011
关键词Management science Planning
英文摘要Conference Name:International Conference on Management and Service Science, MASS 2011. Conference Address: Wuhan, China. Time:August 12, 2011 - August 14, 2011.; IEEE Wuhan Section; Wuhan University; Nankai University; Fuzhou University; University of Science and Technology Beijing; Today, every country's economic policies now are causing inflation and strengthening Inflation Expectation. Without doubt, comprehending appropriately Inflation Expectation effects, especial its money-supply effect, is the important basis to manage Inflation Expectation and suppress inflation. The paper first introduces briefly rational expectation and its econometric expression; gives monetary supply's response to inflation expected by rational expectation by the model combined Cagan model and Lucas microeconomic rational expectation equation; points out that estimating and researching the mechanism of Inflation Expectation in China and its influence to monetary supply when managing Inflation Expectation is crucially necessary for achieve the goal of the economic policy. ? 2011 IEEE.
语种英语
出处http://dx.doi.org/10.1109/ICMSS.2011.5998486
出版者IEEE Computer Society
内容类型其他
源URL[http://dspace.xmu.edu.cn/handle/2288/85648]  
专题经济学院-会议论文
推荐引用方式
GB/T 7714
Li, Xiaodong,Ji, Yicheng,Ji YC. An empirical research on the money-supply effect of inflation expectation when managing inflation expectation in China - Based on Cagan model and Lucas microeconomic rational expectation equation. 2011-01-01.
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