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

摘要：

Today, every countrys 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 supplys 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.

作者: Li Xiaodong Ji Yicheng

作者单位: Dept of Public Finance School of Economics, Xiamen University Xiamen, China

会议类型: 国际会议

会议名称: International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)

会议地点: 武汉

会议语种:英文

页码: 1-4

在线出版日期: 2011-08-12（万方平台首次上网日期，不代表论文的发表时间）