Comparative Study Of China’s Monetary Policy Rules Based On Mixed Inflation Expectations

From the beginning of 2008,in the context of the international financial crisis,the world economy has been badly hit,until the end of 2015,the world economy recovery remains sluggish,the economic recovery in China is also significant differentiation.This shows such as the economic downturn,structural reform,economic risk expansion and even contradictory.For the new change etc.the macro financial situation now,the improvement direction of monetary policy should be chosen?How to effectively play the role of monetary policy?According to different circumstances,monetary policy rules how to focus on?Today is the macro economic system,an economic subject interact with each other at the same time,it is also the private economic units and the central bank interaction effect in advance system.In today’s economy,rational economic subject to utility maximization as the goal,with its own economic indicators for judgment as the basis,adjust their own investment and consumer behavior in response to changes in the economic system of the dynamic process,including from the micro level to the macro level changes.Monetary policy intentions to complete set of principles,be sure to consider the expectation of the public.In the function of the system of monetary policy,inflation expectations in the end how to display the guidelines of the utility,is always Chinese economic category key academic research projects,with inflation expectations as a starting point,and selected for optimal monetary policy is also one of the enduring focus of monetary economics in view of the macroeconomic trends.The operation and economic development depends on the cognition and judgment of different economic subject behavior,so the adaptive expectation and rational expectation of certain proportion mixed inflation expectations.In this article,the author will focus on inflation expectations and monetary policy rules The correlation between further discuss the following three key problems with the internal logic(1)The fitting effect of mixed inflation expectations for monetary policy rules is how?(2)Next,the intention to make monetary policy rules can get effective regulation of the economy,how should focus on changes in inflation expectations based on the regulation of the monetary policy rule?(3)Known mixed inflation expectations will impact on the monetary policy rule,and its influence on the effect,then how to use monetary policy to control inflation expectations?The existing literature on the domestic and foreign research scholars as the basis,in accordance with the theoretical and empirical direction of the monetary policy rule mixed inflation expectations based on the situation to carry out comparative analysis,and analyze the hybrid inflation expectations were significant effects on the number of rules and the forward-looking monetary interest rate rules,when the mixed inflation expectations are not accounted for at the same time,the monetary policy rules focus on the situation.When a demonstration of central bank monetary policy,the monetary authorities must consider the public expectations of inflation itself,arid thus encourage economic development,we should strengthen the public awareness of the expectations,so that it can make accurate judgment on economic trends,so as to improve the monetary policy Effective policy to make it more accurate to convey information.