Optimal Money Growth under Dynamic Inflation

摘要：

　　In this paper a dynamic model on public expected inflation rate adjusting is established firstly under asymmetric information, and on the basis of it the optimal control model of inflation expectations is built, its analytical solution is firstly presented and the meaning is described.The method proposed in this paper has larger application value to controlling inflation and managing inflation expectations, and a new method and thinking on formulating policies of inflation control, analysis of inflation and its expectations are provided for relevant decision-making.

关键词： The optimal monetary growth rate Inflation expectations Inflation The optimal control

作者: Wang Xiangbing Yan Guangle Li Jianfeng

作者单位: Business School, Shanghai University of Science and Technology, Shanghai 200093, China

会议类型: 国际会议

会议名称: The 5th Conference on Chinas Economic Operation Risk Management(2011`Shanghai)(第五届中国立信风险管理论坛)

会议地点: 上海

会议语种:英文

页码: 274-278

在线出版日期: 2011-11-04（万方平台首次上网日期，不代表论文的发表时间）