The Analysis On Inflation Anticipation Behavior Of Market Main Body In Transition Period Of China

Inflation is an essential factor that affects economy functioning. Severe inflation not only hinders the development of economy, but may also causes social political crisis in some countries. The anticipated inflation rate is the estimation on future factual inflation rate made by economy main body, It helps to realize the monetary policy effect on economy to research inflation anticipation and search for method about restraining inflation. Inflation anticipation can affect economic consumption and investment sequentially affects total requirement; Inflation anticipation has also significant effect on price raise, that is inflation anticipation will promote the price raise in severe inflation period, which places a premium on economy maladjustment, hinders economy constant increasing and country economy development ,and then arouses a serial of social problems. Based on domestic and foreign research results, this paper analyzes the inflation anticipation of inhabitants and enterprise departments in the period of market economy ceaseless change and market system incessant maturity with the combination of qualitative analysis and quantitative analysis. The paper studies the inflation anticipation behavior of inhabitants and enterprise departments during the transition period in the aspects of formation basis, demonstration verification, monetary policy inefficiency and the application of inflation target method, and discusses the dynamic relationship between inflation anticipation and consumption and investment, searches for the solution on instability inflation anticipation.The main body of this paper is composed of four parts except the foreword and concluding remarks.First part has summarized the inflation anticipation theory. The definition "Rational anticipation" was first proposed by Muth, then in "occupation, interest and monetary pandect", then Keynes analyzed anticipation and uncertainty in 《The General Theory of Employment Interest and Money》, which established the status of anticipation in economic analysis. Monetarynism who had analyzed inflation...