The "Information Transmission" Effect In The Economic Fluctuation

The research object of this paper is economic cycles and economic fluctuations, which are very important question in the field of economic growth. This paper reviewed former researches of every economic schools. This paper argues that economic cycle and economic fluctuations are actually the same question. Prosperity, Peak, Recession, Depression, the switching among the four above is called a economic cycle. While in the short or middle term, each switching between two status could be called economic fluctuation. A complete economic cycle could be regarded as a short fluctuation when put in a longer time span. This paper not only summarized reasons of economic cycles in detail, but also attempted to inspect the reason of economic cycles in Modern Economic means. What's more, this paper discussed many analysis given by emerging economics branches. Based on the former researches, the author clearly claimed that information should be treated as a depend factor to study the phenomenon of economic cycles. The author argued that the opening and diversity of information is a important reason of modern economic cycles.This paper analyzed the significance of information economics in modern economics and its application in macroeconomics. Using the theory of Information Asymmetry, information economics are quite mature in analyzing Labor Market and Factor Market. But all these above is just stayed in the stage of using information transmitting as hypothesizes. Analysis of how information affect the economy is via these hypothesizes, this paper put that directly use the information as a depend factor to analyze it effect on the economic. In another word, this paper suggested a macroeconomic containing informational microeconomic foundation, which is creative in researching economic cycles. This paper constructed mathematical models which contained informational microeconomic foundation to make a simulation. And inspect the fluctuation situation of economic in the model. Through the model constructing and simulation, the author found that a RBC model which contained the information factor can make a good simulation of real economy. This paper finally got a conclusion of how information affects the macroeconomic. The fluctuations of information would lead to the economic fluctuation in the short term, mainly through accelerating and increasing the fluctuation. On the other hand, with the process of information symmetry, the fluctuation of economy would gradually smooth...